People who adopt may benefit from this special tax credit
The adoption process can be expensive. Fortunately, the adoption tax credit can help offset some those expenses. Taxpayers who adopted or started the adoption process in 2020 should review the…
PPE Considered Deductible Medical Expense
The purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of coronavirus are deductible medical expenses, according to…
Certain States to Tax PPP Loan Forgiveness
Amid the COVID-19 pandemic, the Paycheck Protection Program has afforded millions of small businesses the option to keep their doors open and their employees working during these challenging times. Many…
American Rescue Plan Act of 2021 – Part 6
Crosslin is pleased to present a six-part series on the American Rescue Plan Act of 2021, covering topics such as stimulus payments, child tax credit, employee retention credit, enhanced earned…
American Rescue Plan Act of 2021 – Part 4
Crosslin is pleased to present a six-part series on the American Rescue Plan Act of 2021, covering topics such as stimulus payments, child tax credit, employee retention credit, enhanced earned…
American Rescue Plan Act of 2021 – Part 5
Crosslin is pleased to present a six-part series on the American Rescue Plan Act of 2021, covering topics such as stimulus payments, child tax credit, employee retention credit, enhanced earned…
American Rescue Plan Act of 2021 – Part 3
Crosslin is pleased to present a six-part series on the American Rescue Plan Act of 2021, covering topics such as stimulus payments, child tax credit, employee retention credit, enhanced earned…
American Rescue Plan Act of 2021 – Part 1
Crosslin is pleased to present a six-part series on the American Rescue Plan Act of 2021, covering topics such as stimulus payments, child tax credit, employee retention credit, enhanced earned…
American Rescue Plan Act of 2021 – Part 2
Crosslin is pleased to present a six-part series on the American Rescue Plan Act of 2021, covering topics such as stimulus payments, child tax credit, employee retention credit, enhanced earned…
Change to Tax Deadline
The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15,…