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Tag: tax season

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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Delayed IRS Refunds: Over 35 Million Tax Returns Awaiting Manual Reviews

Dear Clients, did you know that over 35 Million Tax Returns are awaiting manual reviews causing delays in the refund process. The 2020 tax season proved to be challenging both for Alron Taxes, Inc. and taxpayers alike. Due to the onset of the global pandemic, over 35 million business and personal income tax returns require…
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The American Rescue Plan Act

On Thursday, March 11, 2021, President Joe Biden signed into law a coronavirus relief package, the third of its kind. The gargantuan $1.9 trillion relief package known as the American Rescue Plan Act of 2021 will aim to boost the US economy. Direct Deposits Individuals earning up to $75,000 and couples earning up to $150,000…
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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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