News & Information: Accounting, Tax and COVID-19 Resources
In case you missed Robert Kratz’s January 18 letter to his clients, following is what to consider when filing your taxes in 2022. The IRS encourages taxpayers to get informed about topics related to filing their federal tax returns in 2022. These topics include special steps related to charitable contributions,... The new year is just around the corner. Have you started thinking about your taxes? It’s not too late, but it will be soon. There are moves you can make to reduce your taxable income. Some of these tax-saving moves, however, must be completed by December 31. Here are several... The Consolidated Appropriations Act, 2021 extends the employer credit for paid family and medical leave through December 31, 2025. Under separate provisions of the Consolidated Appropriations Act, 2021, the credit for coronavirus-related paid sick and family leave, originally part of the Families First Coronavirus Response Act, is extended through March... This year, 2021, may again prove to be challenging relative to your taxes. Preparing for taxes early can not only save you time, but it may also save you money. FEMA dollars provided to you due to Hurricane Ida damages, other government benefits, unemployment benefits, or working multiple jobs (several... The American Rescue Plan Act of 2021 modifies several tax provisions, including a third round of direct stimulus payments, enhancements of many personal credits meant to benefit people with lower incomes and children, extensions of highly popular payroll tax credits for employers first instituted at the beginning of the pandemic,...
