The American Rescue Plan Includes Funding for Individual Payments, Changes to Tax Credits

The American Rescue Plan Includes Funding for Individual Payments, Changes to Tax Credits

President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021, which includes a number of tax-related provisions that lawmakers say will help struggling Americans weather the pandemic recession.… Read more about The American Rescue Plan Includes Funding for Individual Payments, Changes to Tax Credits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Reminds Employers About Repayment of Deferred Social Security Tax

IRS Reminds Employers About Repayment of Deferred Social Security Tax

The Internal Revenue Service yesterday released a COVID Tax Tip highlighting guidance for employers who deferred payment of their employee’s 2020 Social Security tax. Initially described by legislators as a “payroll tax holiday,” the agency reminds participating employers that they still have to pay deferred employee Social Security tax by the new deadlines.… Read more about IRS Reminds Employers About Repayment of Deferred Social Security Tax (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Help Spot and Avoid Tax Scams

Help Spot and Avoid Tax Scams

It’s tax season, and that means you’re as busy as you can be. But it’s also the busy season for crafty criminals: scammers impersonating the IRS, either over the phone, by email or in person. Any of these methods can be used to steal money from people.… Read more about Help Spot and Avoid Tax Scams (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…