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Child Tax Credit for 2021

Child Tax Credit for 2021

by angelacoleman | Jul 22, 2021 | Accounting, Business Consulting, Businesses, cpa, Home Insights, Tax Credit

The IRS recently made changes to the child tax credit as part of the American Rescue Plan Act. Significant changes to the tax credit include: The amount of the credit has increased for certain taxpayers. The credit is fully refundable, meaning you can receive it even...

20% Pass-Through Deduction for Rental Real Estate and Businesses

by ednera | Feb 19, 2019 | Businesses, Deductions, Home Insights, Pass-through, Rental Real Estate

20% Pass-Through Deduction for Rental Real Estate and BusinessesRecently issued final regulations on the Section 199A deduction, also known as the pass-through deduction or 20% deduction, provided some much-needed guidance and explanations related to qualification,...

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