- Video: Expanded Child Tax Credits for 2021
- With the recently passed American Rescue Plan, the child tax credit has been expanded for one year, 2021. Watch this video for details.
- Video: Great News about Unemployment Benefits
- Watch this video for the upcoming expansion and changes to the unemployment benefits as the result of President Biden’s American Rescue Plan.
- The Inspiring Story of the Team Behind Rover.com
- Rover.com is a website that matches pet owners with pet carers (pet sitters, dog walkers, etc). The company has been wildly successful since its founding 10 years ago. Here’s the inspirational story.
- Big Increase in Child Tax Credit For 2021
- 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 package, which was passed by Congress on March 10, 2021, and is known as the American Rescue Plan Act, will provide lower-income parents with substantial financial assistance and support various other efforts to stimulate the economy. Even though the benefit of a tax credit traditionally isn’t available until after the tax return for the year has been filed, for 2021, the IRS will pay a portion of the credit in advance in the form of monthly payments from July through December.
- Are Your Unemployment Benefits Taxable?
- With the passage of the CARES Act stimulus package early in 2020, the federal government began supplementing the normal state weekly unemployment benefits by adding $600 per week through the end of July 2020. When this provision ran out, and with Congress at a stalemate, President Trump issued an executive order in early August that extended the supplement, but at $400 per week, with the federal government providing $300 and the state the other $100. Then, the COVID Tax Relief Act that was enacted in late December of 2020 extended the federal unemployment supplement through March 14, 2021, but at $300 per week. Now, President Biden’s American Rescue Plan that Congress enacted in March of 2021 has extended the $300 benefit through September 9, 2021, and increased the number of weeks an individual can qualify for the benefits from 50 to 74.
  |
|  |