Temporary Changes to Child Tax Credit for 2021

On March 11, 2021, The American Rescue Plan was signed by President Biden granting relief to families.  The legislation was passed by Congress with a provision that expands the child tax credit for one year. For 2020 tax returns, the child tax credit is $2,000 per...

Tax Deadline Extended for Texas Residents

Winter storm Uri affected many Texas residents leaving them without electricity and water for days.  The Internal Revenue Service (IRS) announced on Monday, February 22nd tax deadline for Texas residents would be extended until June 15, 2021.  The extension is for any...

Retirement Plans Tax Relief Due to Covid-19

In 2020, Americans facing financial hardship due to the Covid-19 virus received assistance from Congress through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  Eligible taxpayers were given a tax relief when funds were withdrawn from their 401K plan...

Tax Season Will Start February 12th

The Internal Revenue Service has announced you can file your 2020 tax year return starting Friday, February 12, 2021.  Due to the COVID-19 pandemic, the IRS urges all taxpayers to file electronically with direct deposit as soon as all required documents are in hand to...

Christmas Celebrations at Home

This holiday season will be unlike any other due to the ongoing Covid-19 pandemic.  The Center for Disease Control has recommended minimizing social gatherings due to health and safety concerns.  Christmas has always been a holiday full of traditions surrounded by...

Celebrating Thanksgiving During Pandemic

Covid-19 cases are again on the rise with Thanksgiving just a few weeks away.  This year Thanksgiving festivities may look a bit different.  Because of possible restrictions you won’t have a packed house, instead it’ll be just your immediate family.  Or...