Tax Law and News

HUBZones

What’s new with the HUBZone program for small businesses

Child Tax Credit

IRS tool helps low-income families register for monthly Child Tax Credit payments

Tax Refund

Taxpayers may receive a refund for taxes paid on 2020 unemployment compensation

Child Tax Credit

IRS sending letters to 36+ million families who may qualify for monthly Child Tax Credit

Families ARPA

Families get “extra credits” under the American Rescue Plan of 2021

June tax deadlines

June 2021 tax and compliance deadlines

U.S. Flag

IRS begins correcting tax returns for unemployment compensation income exclusion

US Capitol

Texas and other states get deadline extensions and other tax relief after storms

American Rescue Act

Overview of tax provisions in the American Rescue Plan Act of 2021

Dependents

IRS issues guidance on taxability of dependent care assistance programs for 2021 and 2022

tax reform for families

Child Tax Credit expanded for tax year 2021

Restaurant tax deductions

Tax credits for businesses that opened during COVID-19