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Author: H&B

General

New Law Tax Break May Make Child Care Less Expensive

Child Laying Down Amidst Toys
March 23, 2021
H&B
0
The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. This is the credit available for expenses a taxpayer pays for the care of qualifying children under the age of 13 so that the taxpayer can be gainfully employed. Note that a credit reduces your […]
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General

New Law: Eligible Americans To Receive Direct Payments

Small Plant Growing On Stacked Coins
March 16, 2021
H&B
0
The American Rescue Plan Act, signed into law on March 11, provides a variety of tax and financial relief to help mitigate the effects of the COVID-19 pandemic. Among the many initiatives are direct payments that will be made to eligible individuals. And parents under certain income thresholds will also receive additional payments in the […]
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General

Recent Law Changes May Have An Impact On Your Retirement Savings

Sailboat With Couple Sitting On It
March 2, 2021
H&B
0
If you’re approaching retirement, you probably want to ensure the money you’ve saved in retirement plans lasts as long as possible. If so, be aware that a law was recently enacted that makes significant changes to retirement accounts. The SECURE Act, which was signed into law in late 2019, made a number of changes of […]
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General

Home Businesses Might Qualify For Home Office Deductions

Girl Working On Laptop
February 23, 2021
H&B
0
During the COVID-19 pandemic, Many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there, you might be able to claim deductions for home office expenses against your business income. There are two methods for claiming this tax break: the actual expenses method and the […]
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General

Answers About 2021 Individual Taxes

Tax Deadline Graph
February 22, 2021
H&B
0
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable because your 2020 individual tax return is due to be filed in less than three months (unless you file an extension). However, it’s a good idea to acquaint yourself with tax amounts that […]
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