Mar 24, 2021 | News & Info
The filing date for individual federal income tax returns has been postponed until May 17. The IRS has announced that individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and...
Mar 24, 2021 | News & Info
The American Rescue Plan has expanded the Child Tax Credit and the Child and Dependent Care Credit creating major tax benefits for taxpayers with dependent children. The Child Tax Credit has been expanded from $2,000 per child under the age of 17 to $3,000 per child...
Mar 24, 2021 | News & Info
Many taxpayers received unemployment compensation during 2020 due to layoffs and furloughs caused by the Coronavirus Pandemic. If you are one of those taxpayers and your modified adjusted gross income (AGI) is less than $150,000, the American Rescue Plan enacted on...
Mar 11, 2021 | News & Info
The new $1.9 trillion stimulus bill known as the American Rescue Plan Act will soon land on President Biden’s desk for signature. He is expected to sign into law this Friday. The bill contains a wide range of provisions for individuals and businesses, some of...
Feb 16, 2021 | News & Info
Congratulations to Christy Burgess on her promotion to Principal. The Principal position at Coulter & Justus, P.C. represents the highest level of accomplishment and technical service responsibility. This distinction also recognizes Christy for her experience,...
