What was the tax law passed in 2017?
The Tax Cuts and Jobs Act (TCJA), passed in December 2017, made several significant changes to the individual income tax. These changes include a nearly d...
Category: Updates
Do I have to file taxes for VA benefits?
VA Disability Benefits Disability benefits you receive from the Department of Veterans Affairs (VA) aren’t taxable. You don’t need to include them as inco...
Do you need 75% of PPP loans for payroll?
You must maintain at least 75% of each employee’s total salary. This requirement applies to every employee that received less than $100,000 in annualized ...
Can they hold your stimulus check?
$1,400 stimulus checks can be garnished for unpaid debts. If you have unpaid private debts that are subject to a court order, your $1,400 stimulus check c...
Where can I get a tax refund for my daughters?
To claim your daughters and receive a refund of your overpayment, you must file an amended tax return. Obtain tax Form 1040X from the IRS website. You sho...
How often is the IRS tax website updated?
once per week The IRS only updates your refund status information once per week on Wednesdays. If you e-file your tax return, wait at least 72 hours from ...
How do I get my W-2 from a previous job?
If you can’t get your Form W-2 from your employer and you previously attached it to your paper tax return, you can order a copy of the entire return from ...
What income bracket qualifies for stimulus check?
According to the American Rescue Plan Act (ARPA), you and your dependents qualify for the full $1,400 payment if: You’re an individual with an AGI of up t...
Is a forgiven loan considered a gift?
Forgiveness Can Be a Gift The forgiven loan will not be considered as such if the borrower is insolvent or the lender forgives or cancels the loan. Instea...
Can I claim my daughter as a dependent if she works part time?
Can I claim my child as a dependent if she has a part-time job? Yes, as long as the child does not provide more than half of their own support and meets o...
