by Admin | Apr 2, 2021 | Individual Taxes
The IRS announced on March 31, that it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent law change made by the American Rescue Plan Act. The American Rescue...
by Admin | Apr 1, 2021 | Individual Taxes
A big increase in child tax credit for 2021 is part of President Biden’s stimulus package to help tackle the coronavirus pandemic and stimulate the economy. This stimulus package, which was passed by Congress on March 10, 2021 and is known as the American Rescue Plan...
by Admin | Mar 30, 2021 | Individual Taxes
With the passage of the CARES Act stimulus package early in 2020, the federal government began supplementing the normal state weekly unemployment benefits by adding $600 per week through the end of July 2020. When this provision ran out, and with Congress at a...
by Admin | Mar 29, 2021 | Individual Taxes
Effective July 1, 2021, the maximum amount of disposable earnings subject to garnishment will be based on the state minimum wage, which will be $9.50 per hour in Virginia because of the scheduled increase that begins May 1, 2021. The maximum amount subject to...
by Admin | Mar 26, 2021 | Individual Taxes
Virginia’s Governor has directed the Department of Taxation to extend the individual income tax filing and payment deadline in Virginia to Monday, May 17, 2021. This extension aligns with the recent extension by the IRS to the same date.
by Admin | Mar 17, 2021 | Individual Taxes
The Treasury Department and the Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will automatically be extended from April 15, 2021 to May 17, 2021. Individual taxpayers can also postpone...
