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Great News, Child Care Tax Credit Expanded for 2021

Article Highlights: American Rescue Plan Expanded One-Year-Only Change Refundability Child Care Expenses Credit Percentage Maximum Credit Credit Phaseout Employer-Provided Dependent Care Assistance Great news if you are paying childcare expenses that enable you to work. As part of President Biden’s American Rescue Plan Act (ARPA)

IRS Extends Individual Return Filing Date

Article Highlights: IRS Announcement Limited to Individual Tax Returns Tax Due Payments Further Extensions 2021 Estimated Tax Payments Not Extended The IRS has announced they are extending the filing due date for 2020 individual tax returns from April 15, 2021 to May 17, 2021. This

Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage

Article Highlights: COBRA coverage Federal COBRA Subsidy Period for Subsidy Alternate Coverage The recently passed American Rescue Plan Act (ARPA) includes a provision for the federal government to pick up the cost of COBRA health coverage for employees’ involuntary termination of their employment or reduction

The Inspiring Story of the Team Behind Rover.com

If you're not a pet owner, you'd be forgiven for not really being familiar with Rover.com. A lot of people are, however - particularly in the entrepreneurial community. In 2011, Philip Kimmey was finishing up his junior year at Washington University in St. Louis. He was a

The Inspiring Story of the Team Behind Rover.com

If you're not a pet owner, you'd be forgiven for not really being familiar with Rover.com. A lot of people are, however - particularly in the entrepreneurial community. In 2011, Philip Kimmey was finishing up his junior year at Washington University in St. Louis. He was a

Big Increase in Child Tax Credit For 2021

Article Highlights: Additional Credit Amounts Refundability High-Income Phaseout Advance Payments Reconciliation of Advance Payments with Credit Child’s Death Online Portal   An increased child tax credit is part of President Biden’s stimulus package to help tackle the coronavirus pandemic and stimulate the economy. This stimulus

It’s Official! Another Round of Stimulus Payments Approved by Congress

Article Highlights: Economic Impact Payments High-Income Taxpayer Phaseout Reconciliation Dependents Decedents Social Security Number Requirements Non-Filers IRS Information Sites The American Rescue Plan Act has passed and includes a third much-anticipated economic impact payment (EIP). This is one of several government measures intended to help

7 Personal Finance Tips for Freelancers and Gig Workers

Freelance work and the gig economy have taken the nation by storm. A study commissioned by the Freelancers Union and freelance platform Upwork revealed that the gig economy’s work force reached an eye-popping 57 million Americans in 2019, with increasing numbers likely to join in the

Working from Home? Is there a Tax Deduction?

Article Highlights: COVID Work from Home Requirements Employee Versus Self-employed Qualifications Actual Expense Method Simplified Method Home Office Expenses for Renters vs. Homeowners How Moving Affects the Home-Office Deduction Other Issues Gross Income Limitation Many individuals, because of the COVID pandemic, have been forced to