News

The Recovery Rebate Credit: Get Your Full Stimulus Check Payment With This Tax Credit

Source: kiplinger.com - Jan 21, 2021

The "recovery rebate" tax credit and stimulus checks are two parts of the same thing. The way the law is written, both the first ($1,200) and second ($600) stimulus checks were simply advance... Read more >

Category: General Business

IRS explains extended payroll tax due dates

Source: journalofaccountancy.com - Jan 21, 2021

The IRS has issued guidance (Notice 2021-11) to address how employers who elected to defer certain employees’ payroll taxes can withhold and pay the deferred taxes throughout 2021 instead of just... Read more >

Category: General Business

Louisiana income forecast assumes slow recovery in pandemic

Source: neworleanscitybusiness.com - Jan 21, 2021

Louisiana officials Tuesday set a conservative estimate for next year’s income forecast that anticipates the state’s economy will remain sluggish amid a halting recovery from the coronavirus... Read more >

Category: General Business

Tax and Regulate

Source: city-journal.org - Jan 20, 2021

Joe Biden campaigned last year as both a moderate and a progressive. As he prepares to take the oath of office on Wednesday, discerning the policy direction of his new administration seems clear... Read more >

Category: General Business

President-elect Biden’s COVID plan includes tax cuts for parents

Source: wafb.com - Jan 20, 2021

BATON ROUGE, La. (WAFB) - President-elect Joe Biden’s $1.9 trillion coronavirus aid package includes billions in temporary tax cuts for working parents that could cut child poverty by as much as... Read more >

Category: General Business

States with the Lowest Taxes and the Highest Taxes

Source: sportsgrindentertainment.com - Jan 20, 2021

“Location, location, location” is a focus that applies to more than just housing. Where you live can help or hinder your ability to make ends meet. A myriad of taxes — such as property,... Read more >

Category: General Business

The Social Security retirement age could change. What that could mean for benefits

Source: cnbc.com - Jan 20, 2021

Many retirees count down the days until they are eligible for Social Security benefits. But that age could change as lawmakers look to improve the program’s financial outlook. Social... Read more >

Category: General Business

Military Tax Credits

Source: militarybenefits.info - Jan 19, 2021

There are tax breaks and tax credits available to military members and their families to help offset the common financial burdens of service. Military and their families are often tasked with... Read more >

Category: General Business

State Tax Changes Effective January 1, 2021

Source: taxfoundation.org - Jan 19, 2021

Key Findings Twenty-six states and the District of Columbia had notable tax changes take effect. Arkansas and Iowa reduced their corporate income tax rates and made other substantive... Read more >

Category: General Business

4 Reasons I've Paid More in Taxes Than I Strictly Needed To

Source: fool.com - Jan 19, 2021

As a general rule, the more of your hard-earned income that you keep, the easier it is to save, invest, and build wealth. Tax minimization strategies are typically a great way to enable you to... Read more >

Category: General Business

'Can I write off my internet bill?': 2020 tax season poses pandemic-related questions

Source: kgw.com - Jan 19, 2021

PORTLAND, Ore. — If filing your 2020 tax return is giving you anxiety, you're not alone. Many people have questions about pandemic-related expenses and how they may or may not apply to their... Read more >

Category: General Business

$2,000 Stimulus Check Update as Joe Biden Pushes for Third Set of Direct Payments

Source: newsweek.com - Jan 15, 2021

President-elect Joe Biden has proposed "direct cash payments" totaling $2,000 be given to Americans, including a third stimulus check of $1,400, in addition to the $600 payment issued last month,... Read more >

Category: General Business

New Orleans council member asks state to overturn local assessor’s commercial tax cuts

Source: thelensnola.org - Jan 15, 2021

New Orleans Councilwoman Helena Moreno is asking the Louisiana Tax Commission — the state body that finalizes parish property tax rolls before tax bills are sent out — to investigate and... Read more >

Category: General Business

Tax breaks for Folgers projects rejected by New Orleans City Council

Source: nola.com - Jan 15, 2021

The New Orleans City Council on Thursday shot down four tax breaks worth millions of dollars for upgrades the Folger Coffee Company made to its roasting plants in New Orleans East. Council members... Read more >

Category: General Business

To help student borrowers, make education debt tax deductible

Source: thehill.com - Jan 15, 2021

When people carry education debt it can make it harder to budget basic needs, save money and qualify for financing to purchase a home. Education debt and the cost of higher education also deters... Read more >

Category: General Business