Featured Articles for February 2021

 
Tax Filing Season Starts February 12
The IRS begins accepting and processing 2020 tax year returns on Friday, February 12, 2021.

What's New for 2020 Tax Returns
Taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns this year.

Employer Tax Credit Extended for Payroll Workers
Extended through June 30, 2020, the Employee Retention Credit helps businesses keep their employees on the payroll - despite the challenges posed by COVID-19.

Social Security Benefits and Taxes: The Facts
Generally, you pay federal income taxes on your Social Security income only if you have other substantial income in addition to your benefits.

Taxable vs. Nontaxable Income
Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it.

Tax Tips

Do You Need To File a 2020 Tax Return?
Relief for Taxpayers Struggling With Tax Debts
Five Tax Tips for Older Americans
New Year, New Withholding?
Who Qualifies for the Earned Income Credit