As we approach year end, now is the time for individuals to review their 2021 and 2022 tax situations and identify opportunities for reducing, deferring, or accelerating tax obligations. Areas potentially impacted by proposed tax legislation still in play should be reviewed, as well as applicable opportunities and relief granted under legislation enacted during the […]
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Child tax credit: How it works Registration for child tax credit payments was open earlier this year with payments starting in July. The registration deadline was Monday, November 15th. The payment will last through the December 2021 and will continue to 2022 once taxpayers’ 2021 return is filed. Guardians can currently receive up to $3,000 […]
Read moreThe U.S. House of Representatives in the late hours of Friday, November 5, 2021, passed H.R. 3684, the “Infrastructure Investment and Jobs Act” in a 228 to 206 bipartisan vote. The Senate had approved the same version of the infrastructure bill, which is now ready for the president’s signature. The bill funds investment in improvements […]
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