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Month: March 2021

American Rescue Plan Act makes Some Unemployment Benefits Not Taxable

Posted on March 20, 2021

Under the ARPA, up to $10,200 of unemployment benefits received in 2020 can be tax free on a federal tax return for households with under $150,000 in adjusted gross income.  This is a hard line, there is no phase out. …

American Rescue Plan Act makes Some Unemployment Benefits Not Taxable Read more »

Personal Tax Deadline Extended for Second Year

Posted on March 20, 2021

The IRS has extended the tax filing deadline for 1040 returns to May 17th.  This date is for 1040s and any payments due associate to it.  No other April 15th deadline has been extended, this means that Corporate, Trust, and …

Personal Tax Deadline Extended for Second Year Read more »

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  • American Rescue Plan Act makes Some Unemployment Benefits Not Taxable
  • Personal Tax Deadline Extended for Second Year
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