by Admin | Feb 22, 2021 | COVID-19, Individual Taxes
Obviously, the still-ongoing COVID-19 pandemic has been a major challenge for all of us since it kicked into high gear in March of 2020. In the months since, millions of people have found themselves out of a job and the ones that remained were suddenly faced with...
by Admin | Feb 3, 2021 | Individual Taxes
As a means to stimulate charitable contributions during the COVID crisis, Congress made two notable changes for 2020—one allowing taxpayers that don’t itemize their deductions an above-the-line deduction for cash contributions of up to $300 and another for those...
by Admin | Feb 2, 2021 | Business Taxes, Individual Taxes
February 1 – File 2020 Individual Return to Avoid Penalty for Not Making 4th Quarter Estimated Payment:If you file your prior year’s individual income tax return and pay any tax due by this date, you need not make the 4th Quarter Estimated Tax Payment that...
by Admin | Jan 29, 2021 | Individual Taxes
President Biden released his “American Rescue Plan” on January 14. It is a wish list of proposals he wants Congress to enact to address the COVID-19 pandemic and associated economic crisis. While some of the proposals are intended to be in effect for just one year, it...
by Admin | Jan 28, 2021 | Individual Taxes
Tax time can be one of the most hated times of the year. Just preparing the forms is enough to be an irritant, and if you owe the government money there’s a good chance that you’re downright annoyed. But neither of those things compare to the feeling that accompanies...
by Admin | Jan 27, 2021 | Individual Taxes
In spite of (or in some cases, because of) the COVID-19 pandemic, and with near-record-low home mortgage interest rates, the housing market has been booming. September 2020 existing home sales were up 9.4% from August 2020 and 20.9% from 2019, according to the...
