Tax Blog
Tips to help you prepare for tax season
The latest tax tips and news from Heintz Tax Service
Employee Retention Credit Updated by the American Rescue Plan
The sweeping American Rescue Plan Act of 2021 may have greenlit the third round of economic impact payments, but it also includes changes to several tax credits—many of which were designed to provide relief to struggling Americans whose finances took a hit during the pandemic. One of those affected tax credits helps both employees and businesses: the employee retention credit, or ERC.… Read more about Employee Retention Credit Updated by the American Rescue Plan (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
IRS Now Sending EIP Checks, Debit Cards
The Internal Revenue Service says more Economic Impact Payments (EIP3) are coming this week—a second round that will include paper checks and prepaid debit cards.… Read more about IRS Now Sending EIP Checks, Debit Cards (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Tax Day Pushed Back to May 17
Much like last year, the 2021 filing season has been characterized by challenges. The season started later than usual, tax professionals and taxpayers continue to manage pandemic safety precautions, and guidance is pending for the retroactive tax law changes included in the American Rescue Plan Act of 2021 that President Biden signed into law last week.… Read more about Tax Day Pushed Back to May 17 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Don’t Overlook Recent Changes to Retirement Plans
There are a lot of things vying for our attention these days: the coronavirus, vaccine opportunities, new Economic Impact Payments—all worthy topics. But when it comes to taxes, recent changes to retirement plan rules also shouldn’t go unnoticed.… Read more about Don’t Overlook Recent Changes to Retirement Plans (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
IRS Now Sending Out Third Round of Economic Impact Payments
It won’t be long before Americans start seeing the third round of Economic Impact Payments—also known as EIP3—showing up in their bank accounts and mailboxes.… Read more about IRS Now Sending Out Third Round of Economic Impact Payments (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Taxpayers Can Still Get Credit for IRA Contributions on 2020 Returns
Taxpayers, no matter their age, may be able to claim a deduction on their 2020 tax returns for contributions to their Individual Retirement Arrangement (IRA) if they make them by April 15.… Read more about Taxpayers Can Still Get Credit for IRA Contributions on 2020 Returns (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
