Top College Tax Breaks for 2021
The tuition-and-fees deduction is no longer around—the Consolidated Appropriations Act (CAA) officially repealed it—but here are four other tax-savers available in 2021.
The tuition-and-fees deduction is no longer around—the Consolidated Appropriations Act (CAA) officially repealed it—but here are four other tax-savers available in 2021.
The Tax Blotter is a round-up of recent tax news.
The payments will continue each month. The IRS urged people who normally aren't required to file a tax return to explore the tools available on IRS.gov. These tools can help determine eligibility for the advance Child Tax Credit or help people file a ...
Alabama and New York state chapters tie for first place.
The Internal Revenue Service will issue another round of refunds this week to nearly 4 million taxpayers who overpaid their taxes on unemployment compensation received last year. The American Rescue Plan Act of 2021, which became law in March, excluded up to $10,200 in 2020 unemployment compensation from taxable income calculations. The exclusion applied to […]
Notice 2021-38 provides guidance under provisions of the American Rescue Plan Act of 2021 regarding special financial assistance paid by the PBGC to eligible multiemployer defined benefit pension plans that are financially at risk.
This Tuesday, July 13, is the last day for tax professionals to register to attend the 2021 IRS Virtual Nationwide Tax Forum and have access to all 30 webinars, including IRS Commissioner Chuck Rettig’s keynote address on the first day of the forum. The 2021 Tax Forum is being held over a five-week period from […]
The Coronavirus Economic Relief for Transportation Services (CERTS) Act of the Consolidated Appropriations Act of 2021 authorizes the Department of the Treasury to provide grants to transportation service providers--including eligible motorcoach ...