The recently-passed American Rescue Plan Act contains several tax breaks for you and your family. Here are the major provisions of the bill that could mean more money in your pocket during the 2021 tax year. Child tax credit (CTC) The CTC for 2021 increases from $2,000 to $3,000 for kids ages …
taxes
2020 Tax Date Delay Plus Tax Free Unemployment Income
Individual tax filing due date: May 17, 2021 (adjusted from April 15, 2021) Unemployment income: $10,200 per person not subject to federal tax (was taxable) A surprise tax adjustment for tax year 2020 was passed into law in March of 2021 as part of the American Rescue Plan Act of 2021. This …
IRS Identity Theft Program NOW OPEN!
The IRS is expanding a pilot program that uses Identity Protection Personal Information Numbers (IP PINs) to provide an extra layer of security for all taxpayers. Here is what you need to know. IP PIN program details The IRS's IP PIN program is an additional layer of security to ensure your tax …
