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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...

IRS ISSUES ADDITIONAL PAYROLL GUIDANCE ADDRESSING TAX REFORM CHANGES

by ednera | Feb 7, 2018 | Home Insights, Payroll, Tax Credit, Tax Reform, The Shealy Group

Summary:  On January 29, 2018, the IRS issued Notice 2018-14 to provide additional federal income tax withholding guidance pending the release of the 2018 Form W-4. The IRS is currently revising Form W-4 to reflect changes made by the Tax Cuts and Jobs Act (the...

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