If you didn’t get the full amount of the third Economic Impact Payment, you may be eligible to claim the 2021 Recovery Rebate Credit and must file a 2021 tax…
Blog
Advance 2021 Child Tax Credit FAQs
The advance child tax credit payments ended in December, but there’s still more money coming to eligible families in 2022. Now that tax season has arrived, the final enhanced child…
Federal Income Tax Update 2021
Federal Income Tax 2021 Review Replay Video Hosted by Daniel M. Krug, CEO and Senior Wealth Manager, Rocky Istvan, CCO and Associate Wealth Manager. Special Guest Speaker Brenda Hunter, CPA…
Michigan Unemployment Update - July 2021
Work Search Requirement Reinstated As of May 30, 2021, the Unemployment Insurance Agency (UIA) has reinstated work search requirements for unemployment benefits claimants. The requirement to search for work in…
2021 Child Tax Credit & Advanced Payments
Under the American Rescue Plan Act (ARPA), P.L. 117-2, the IRS must make 2021 periodic advance child tax credit payments to taxpayers up to the “annual advance amount.” These payments…
Tax Effects of the American Rescue Plan Act
In addition to the $1,400 stimulus payments to many Americans, the American Rescue Plan Act provides many other relief measures, and also some new business tax measures, that should be…