Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC) payments, which were created in the American Rescue Plan Act (ARPA), will begin being made on July 15, 2021. How have child tax credits changed? The
Month: May 2021
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May 14, 2021
Henry & Peters Officer Rick Allen helps shed light on this year’s confusing tax filing deadlines
Confused about this year’s tax deadlines? We are always happy to help our clients and community understand the ins and outs of tax season! A big thank you to East Texas Now for having us to share our insight! “The pandemic has thrown the federal tax filing season into a little bit -
Before the COVID-19 pandemic hit, the number of people engaged in the “gig” or sharing economy had been growing, according to several reports. And reductions in working hours during the pandemic have caused even more people to turn to gig work to make up lost income. There are tax consequences