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Tag: tax changes

Taxation & Business Specialist | Melbourne, Florida

The 2021 Child Tax Credit Explained

What is the Child Tax Credit (CTC)? The Federal Child Tax Credit is a program that has been around since the late 1990s. The current administration enhanced the CTC payments to help those in need. The information provided on your 2019 or 2020 tax return will determine your eligibility to receive the payments. If eligible,…
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Tax Day Extended to May 17.

Effective March 17, 2021, the Internal Revenue Service and the Treasury Department automatically extended the federal income tax filing due date for individuals from April 15, 2021 to May 17, 2021. Taxpayers do not need to file any forms or call the IRS to qualify for this automatic extension. With Tax Day now on May…
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Major IRS Tax Changes

This is the one period of the year that everyone does not looks forward to! Tax Season is the most bothersome inconvenience and never anyone’s favorite time of the year. This upcoming tax season is a bit more complex, with unique and special twists to the norms. A lot of care must be taken when…
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The 2018 Tax Reform: Don’t Be Caught Off Guard

You’ve probably heard by now of the tax reform bill called the “Tax Cuts and Jobs Act”. But are you familiar with what it means, and how it will affect you and your family when you go to file your taxes next year? Don’t wait until tax season comes around to find out. Knowing what…
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