Who wants to think about taxes around the holidays? What if a few simple year-end moves could save you thousands of dollars off your 2021 tax bill? For example, there’s tax loss harvesting, topping up ...
The Child Tax Credit is a near-universal benefit for families with children. Each year, it lifts millions of children out of poverty. Adding income to low- and middle-income families has been shown to ...
When the Tax Cuts and Jobs Act was signed into law in 2017, proponents said it would make filing taxes easier for millions of Americans. It hasn’t worked out that way. While the tax overhaul nearly ...
After two years of having extensions to file your federal return due to the pandemic, the IRS is back to its regular schedule — in theory. “This tax season brings with it some new tax changes filers ...
(Gray News) – The IRS is urging taxpayers to check their options ahead of 2021 filings to avoid being subject to estimated tax penalties. If you underpaid on taxes in 2021, you have until Jan. 18, ...
Forty tax provisions affecting individuals and businesses expired in 2021. Some provisions were related to pandemic relief and arguably intended to expire at some point, while others are on the ...
It’s almost time to say goodbye to 2021 and welcome the new year, which could bring many changes to tax law. But 2021 isn’t over yet. There’s still time to make some changes to benefit your 2021 tax ...