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, 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…
President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021, which includes a number of tax-related provisions that lawmakers say will help struggling Americans weather the pandemic recession.… Read more about The American Rescue Plan Includes Funding for Individual Payments, Changes to Tax Credits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
The Internal Revenue Service yesterday released a COVID Tax Tip highlighting guidance for employers who deferred payment of their employee’s 2020 Social Security tax. Initially described by legislators as a “payroll tax holiday,” the agency reminds participating employers that they still have to pay deferred employee Social Security tax by the new deadlines.… Read more about IRS Reminds Employers About Repayment of Deferred Social Security Tax (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Congress bookended 2020 with two taxpayer relief packages aimed at mitigating the financial strain caused by the ongoing coronavirus pandemic.… Read more about The Employee Retention Credit Covered in New IRS Notice (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…