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IRS Refunding Tax Paid on Unemployment Compensation

Millions of Americans paid taxes on their unemployment compensation before learning that an exclusion was introduced by legislation a month into filing season. So, the Internal Revenue Service is now sending some of those taxpayers a refund to satisfy the new law.… Read more about IRS Refunding Tax Paid on Unemployment Compensation (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

American Rescue Plan Expands Credits for 2021

By most measures, 2021 is shaping up to be much better than 2020. The coronavirus appears to be less of a threat, the economy is beginning a comeback, and the American Rescue Plan is expanding some tax credits for parents and others with children.… Read more about American Rescue Plan Expands Credits for 2021 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…