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The American Rescue Plan Act of 2021 really helped many taxpayers with 2020 Federal income taxes. But there are also tax changes for tax year 2021 that may impact you. One of these changes is an expansion of the Child Tax Credit for those eligible for the credit in 2021. How the Child Tax Credit…
We know that many of you have burning questions about unemployment benefits, including how they affect taxes and how they relate to the American Rescue Plan. Here are answers to some of the questions you’ve asked. What Does the American Rescue Plan Do for Me if I’m Unemployed? If you lost your job during the…
It’s that time of year when you hear tax terms being tossed around, whether on the news, at work by the HR Department, or over coffee with friends. But what exactly do all these terms mean? A commonly used term is Adjusted Gross Income or AGI. What is AGI, and how do you calculate it?…
Dear Texas and Oklahoma members, We know you’re out of the worst of the storm now, and we also know the damage that remains is real. We want to share some resources where you can get help if you need it: 211.org for help with bills Red Cross for fa...
We are in the thick of tax season, and the House recently approved a new stimulus bill. This is great news for many people, especially considering the average tax refund is around $2,500, and the expected stimulus check for a four-person household ...
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The 3 Most Common Tax MythsJanuary 20, 2021 Read more
