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...
by Metro Tax Accountant | Jan 15, 2021 | COVID, Finance News
The IRS and Treasury Department released the second round of the covid-19 stimulus relief payments as part of the Supplemental Appropriations Act of 2021, signed into law on December 27th, 2020. It’s part of the $900 billion coronavirus relief package designed to help...
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