In the last 12 months congress has passed several pieces of legislation intended to provide relief to individuals and businesses. One such law, the American Rescue Plan (ARP) of 2021, was enacted last month. It contained some important changes that we highlight here. Child Tax Credit Under prior law, individuals received a $2,000 tax credit […]
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At this point, it is both trite and painful to revisit the many challenges we faced as a nation in 2020. The virus pandemic, national quarantine period, heightened political/ social tensions and a divisive presidential election created a palpable sense of anxiety in our society. A significant downturn in the stock market in 1Q 2020 […]
Read MoreYou may be eligible for a valuable incentive, which could reduce your federal income tax liability, for contributing to your company’s 401(k) or 403(b) plan. If you qualify, you may receive a Tax Saver’s Credit of up to $1,000 ($2,000 for married couples filing jointly) if you made eligible contributions to an employer sponsored retirement […]
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