July 2021
- July 13: IRS readies nearly 4 million refunds for unemployment compensation overpayments
- July 8: The first advance child tax credit payments begin arriving in mid-July 2021, unless you opt-out. Here are the implications and why they might not make sense for you.
June 2021
- June 28: Businesses severely impacted by COVID-19 may qualify for these new, employer tax credits
- June 22: Families can now opt-out of advance monthly child tax credit payments starting July 15
May 2021
- May 20: IRS begins correcting tax returns for unemployment compensation income exclusion
- May 17: Monthly Child Care Tax Credits Begin
- May 14: IRS begins correcting tax returns for unemployment compensation income exclusion
Mar. 2021
- March 25: Paycheck Protection Program (PPP) application deadline extended to May 31, 2021.
- March 17: Treasury and IRS extend individual tax return filing and payment deadline to May 17. Both individual federal and state filings are now May 17. However, all other April 15 deadlines are still intact.
- March 11: The American Rescue Plan (ARP) offers provisions to help taxpayers as we continue to recover from the pandemic.
Feb. 2021
- February 19: IRS Statement about CP59 notices.
- February 5: PA Gov. Tom Wolf signs $912 million COVID-19 relief bill
- February 5: Eligible educators may deduct personal protective equipment expenses.
Jan. 2021
- January 15: Beginning of Tax Season delayed until February 12
- January 8: The New Round Of PPP Loans (Round 2)
- January 1: State Tax Changes
- January 1: Meal Expense Deduction 2021
Dec. 2020
- Trump signs massive measure funding government, COVID relief
-
IRS Issues 2021 Mileage Rates for Business, Medical, Charity Travel
- Key 2020 tax law changes and what they mean for your 2020 tax return.
- Form 941 Employer’s Quarterly Federal Tax Return complete tips.
- The American Opportunity Tax Credit and the Lifetime Learning Credit can help you save money on schooling.
- Reminders to help you get ready for the upcoming tax filing season
- In January 2021, individuals can get an IRS-provided electronic PIN to help them file their 2020 tax forms.
Nov. 2020
- IRS Reminds individual about the $300 donation tax deduction
- The IRS issued the 2021 annual inflation adjustments for many tax provisions, as well as the 2021 tax rate tables for individuals and estates and trusts.
Oct. 2020
- Home office deduction information from the IRS
- IRS warns against COVID-19 fraud and other financial schemes
- ‘The IRS Updates Form 941 To Reflect COVID-19 Tax Credits
- If you received unemployment in 2020, here are some things you should know.