Tax day concept. The USA tax due date marked on the calendar. getty Despite increasing pressure from Congressional Democrats and requests from professional organizations including the American Institute of Certified Public Accountants (AICPA) IRS Commissioner Charles Rettig remains adamant about keeping the April 15 filing deadline exactly where it is. And that’s all we know.
Taxes
Ask Larry Economic Security Planning, Inc. Today’s column addresses questions about what an ex drawing divorced spousal benefits might mean for other benefits drawn on a worker’s record, whether it’s better to file a few months before turning 70 and what difference filing at 65 or a month earlier would make. Larry Kotlikoff is a
The Employee Retention Credit (ERC) is a tax credit first put in place last year as a temporary coronavirus-relief provision to assist businesses in keeping employees on payroll. Since then, the ERC has been significantly expanded – and in the most recent relief bill that will be sent to President Biden for signature – the ERC
The Senate approved a COVID relief bill on Saturday, with the House expected to approve the bill Tuesday this week. While the original House bill looked to extend additional unemployment aid of $400 per week until September, a last-minute change in order to secure West Virginia Senator Joe Manchin’s support decreased the benefit to $300 per
WASHINGTON, DC – MARCH 06: U.S. Senate Majority Leader Sen. Chuck Schumer (D-NY) speaks to the … [+] press. (Photo by Tasos Katopodis/Getty Images) Getty Images According to a new analysis by the Tax Policy Center, the Senate version of the American Rescue Plan (ARP) would reduce federal taxes in 2021 by an average of