Q & A: The $10,200 Unemployment Tax Break

by | Apr 1, 2021 | News

Generally, unemployment compensation received under the unemployment compensation laws of the United States or a state is considered taxable income and must be reported on your federal tax return. However, a new tax break – in effect only for the 2020 tax year...

Tax Breaks for Families with Children

by | Mar 1, 2021 | News

If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Let’s take a look: 1. Child Tax Credit Generally, taxpayers can claim the Child Tax Credit for each qualifying child under the age of 17....
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