2021 Tax Return Prep: Child Tax Credits & Economic Impact Payment Letters
Posted by Mitch Frey, CPA on Feb 14, 2022
If you received either an advance payment of the child tax credit or an economic impact payment (commonly referred to as a “stimulus check” or “recovery rebate”) during 2021, you should receive a...
The Coronavirus, Aid, Relief and Economic Security Act (CARES Act), passed in 2020 to help alleviate the economic distress experienced due to the pandemic, had two provisions related to the deferral...
One of the temporary changes created with the pandemic related legislation during 2020 was an increase to the deductible limits for cash contributions to qualifying public charities and limited types...
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