GOVERNMENT DISTRIBUTION OF BENEFITS
Government distribution of benefits. Debate will always exist over the distribution of the beneifts of government. From tax perks, to outright grants, the politics of Government Corruption have become so pervasive in our society that the average American looks at it with disdain, as is doe snot impact the large majority of Americans, who see […]
CONSOLIDATED ACT PART TWO
Consolidated act part two. The Consolidated Appropriations Act has multiple parts that are designed to help boost the economy, and some parts that have been re-authorized for another period of time. These provisions are designed to help a struggling economy, and some of the Act’s provisions are past parts of laws that the government know […]
CONSOLIDATED APPROPRIATIONS ACT
Consolidated Appropriations Act. Multiple sections of the act lay out different priorities of the Congress and Biden Administration. Section 102-Energy Efficient Commercial Building Deduction. Provides for a permanent extension of the 179D deduction for energy efficient commercial buildings. The Section 179D deduction is an upfront deduction that is obtained for the installation of energy efficient […]
CHILD TAX CREDIT PAYMENTS START
Child tax credit payments start. In the aftermath of the Covid-19 pandemic, and the economic fallout left in its wake, millions of struggling Americans are rejoicing over the Chic Tax Credit Payments that the Biden Administration ushered in as part of the Covid relief bill. Those payments are scheduled to start and will make a […]
CHANGES TO EARNED INCOME CREDIT
Changes to earned income credit. These changes may mean more people will qualify for the credit. New for taxpayers this year is a provision under the Taxpayer and Disaster Tax Relief Act of 2020 that allows taxpayers to use their 2019 earned income to figure their 2020 Eanred Income Tax Credit (EITC). If the 2019 […]
