We cannot let a year go by without changes to the income tax regulations. The new Inflation Reduction Act of 2022 brings a number of tax law changes. The following are some of the more significant items: For those who receive Advance Premium Tax Credits for their Health Insurance Exchange (Obamacare) premiums, the Inflation Reduction …
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As the coronavirus pandemic continues to upend daily life for millions of Americans, the IRS has issued additional guidance for taxpayers. From extended deadlines to stimulus checks, these are the changes we can expect: Extended deadlines The filing and payment deadline has been extended from April 15, 2020 to July 15, 2020. This extension …
On Friday, Congress reached an agreement on a record-setting $2 Trillion coronavirus relief package. The bill includes direct payments to American taxpayers as well as expanded unemployment benefits for individuals laid off during the pandemic. Here’s an overview: How much money will I get in my coronavirus check? Single adults who make under $75,000 …
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The SECURE Act is the largest piece of retirement legislation to pass Congress since the Pension Protection Act of 2006. Signed into law at the end of December 2019, the SECURE Act went into effect on January 1st, 2020. But that quick turn-around has left many Americans wondering how the bill will affect their retirement …
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