by Metro Tax Accountant | Apr 15, 2021 | Tax Facts
For many this tax season, the unemployment benefits seemed to challenge taxes and income brackets for many Americans. Policymakers have allowed filers to use 2019 EIC (earned income credit) since 2020 provided fewer opportunities for many; however, the American Rescue...
by Metro Tax Accountant | Mar 19, 2021 | COVID, Tax Facts
Here at Metro Tax & Financial Services we have created a Tax Guide to help guide you through the 2021 Tax Season We discussed the changes of this year’s taxes, but now let’s chat about all the documents you should bring with you to make your tax appointment...
by Metro Tax Accountant | Mar 1, 2021 | COVID, Finance News, Tax Facts
Here are 2021 Tax Changes that will benefit you. Each tax year, there are refundable tax credits that individuals can qualify for if they’ve earned an income (EITC) or have a child (CTC). These credits are normally based on the earned income of an individual, but...
by Metro Tax Accountant | Feb 15, 2021 | COVID, Finance News, Tax Facts
Tax season is upon us. And although no one wants to revisit 2020, you’re going to need to. Hopefully, your 2020 taxes are the only thing creeping into the new year from 2020. Each year, the tax laws change, but the Covid pandemic created additional changes you’ll need...
by Metro Tax Accountant | Feb 2, 2021 | COVID, Finance News
Additional questions regarding the second Stimulus Relief payments: Will I need to pay taxes on my relief money? o No. EIP (Economic impact payments) or stimulus relief payments are not taxable and should not be reported as income. What if I didn’t...
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