Tax Pro Plus
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Los Angeles, CA 90064
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- Great News, Child Care Tax Credit Expanded for 2021
- Great news if you are paying childcare expenses that enable you to work. As part of the American Rescue Plan Act (ARPA) signed into law on March 11, 2021, the child and dependent care tax credit has been substantially increased. Here are the details:
- IRS Extends Individual Return Filing Date
- The IRS has announced they are extending the filing due date for 2020 individual tax returns from April 15, 2021, to May 17, 2021. This was meant to be a one-month extension, but since May 15 fell on Saturday it was extended to the next business day which is May 17, 2021.
- Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage
- The recently passed American Rescue Plan Act (ARPA) includes a provision for the federal government to pick up the cost of COBRA health coverage for employees’ involuntary termination of their employment or reduction of hours subject to certain qualifications.
- Video tip: A Few Solutions to Consider If You Have Tax Debt
- Watch the video for some possible solutions when you can't pay back the debt to the IRS in time.
- Video: Expanded Child Tax Credits for 2021
- With the recently passed American Rescue Plan, the child tax credit has been expanded for one year, 2021. Watch this video for details.
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