For self-employed taxpayers and household employers, it’s time, as they say, to pay the piper. The CARES Act—also known as the Coronavirus Aid, Relief and Economic Security Act—gave these specific taxpayers permission to defer paying certain Social Security taxes for tax year 2020.… Read more about Repaying Deferred Social Security Tax (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Monthly Advance Child Tax Credit payments are set to begin in two weeks. While it’s too late to change the bank account that will receive the July 15 payment, qualifying taxpayers can now use a tool on IRS.gov to update their information before the August payment is issued.… Read more about Update Bank Info for Advance Child Tax Credit Payments on IRS.gov (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
New guidance from the Internal Revenue Service and the Treasury Department is aimed at keeping the lights on at renewable energy projects delayed by the COVID-19 pandemic.… Read more about New Guidance Lights Up Renewable Energy Projects (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…