by HintonBurdick | Feb 1, 2021 | News
Social Security benefits include monthly retirement, survivor, and disability benefits; they do not include Supplemental Security Income (SSI) payments, which are not taxable. Generally, you pay federal income taxes on your Social Security benefits only if you have...
by HintonBurdick | Feb 1, 2021 | News
The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, made several changes to employee retention tax credits. These tax credits were previously made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)....
by HintonBurdick | Feb 1, 2021 | News
As always, taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns. Let’s take a look: 1. Recovery Rebate Credit/Economic Impact Payment. In January, the Treasury Department and the IRS began...
by HintonBurdick | Feb 1, 2021 | News
Although tax season usually starts in late January, this year, the tax filing season is delayed until February 12, 2021. The delayed start date for individual tax return filers allowed the IRS time to do additional programming and testing of IRS systems following the...
by HintonBurdick | Jan 27, 2021 | Uncategorized
Are you thinking about leaving the military soon? When you do decide to leave, it can be challenging to make decisions about the next chapter in your career. The transition from military life to civilian life is no easy task, and can be full of uncertainties. It may...
