Income Tax
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2021 Estimated Income Tax Rates and Tables
Bloomberg Tax & Accounting has projected 2021 income ranges for each tax rate bracket. Income ranges for the tax brackets for married taxpayers filing jointly and for single taxpayers are shown below. Rate brackets for other filing statuses are ...
Salary and Benefits Trends During Covid-19
Employers have a growing list of concerns lately, including losing their top performers, new research from global staffing firm Robert Half shows. A large majority of senior managers surveyed (88%) said they are worried about their ...
IRS to Send Letter to 9 Million Non-Filers Who Didn’t Get Coronavirus Stimulus
The letters are being sent to people who haven’t filed a return for either 2018 or 2019. Based on an internal analysis, these are people who don’t typically have a tax return filing requirement because they appear to have very low incomes, based on ...
7th Annual Georgia Accounting Food Fight Goes Virtual to Help End Hunger
This year, the Food Fight’s fundraising goal is to raise 200,000 dollars statewide during the two-week competition. If that goal is reached, it will mark one million dollars raised in total since the inception of the Food Fight and the equivalent of...
Covid Causes Economy to Shrink by 32.9% in Second Quarter
Gross domestic product shrank 9.5% in the second quarter from the first, a drop that equals an annualized pace of 32.9%, the Commerce Department’s initial estimate showed on Thursday. That’s the steepest annualized decline in quarterly records dating ...
Comparing the Senate and House Covid Stimulus Bills
As we head into August, when Congress is scheduled for a recess, lawmakers are poised to present another COVID-19 relief package to the president for his signature. But the Democratic-controlled House and the Senate Republicans still have to hash out ...
Senate GOP Agrees to Another Round of $1,200 Coronavirus Stimulus Checks
Instead of a payroll tax cut, the GOP will now back $1,200 checks for individuals who make up to $75,000 a year, exactly as in the March stimulus bill. Mnuchin said that would get money into the economy faster than cutting the payroll tax, which would ...
Not Ready to File Your Taxes? IRS Offers Extensions Until Oct. 15
Due to the coronavirus pandemic, taxpayers have until the postponed due date of July 15, 2020, to file their taxes this year. But if they can't make this deadline, they can receive an extension that gives taxpayers until Oct. 15 to file, but taxes owed ..