Month: March 2019

Coronavirus-related Paid Leave

The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. This relief to employees and …

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Tax Reform Tax Tip; Here’s how tax reform affects taxpayers who claim the child tax credit

Here’s how tax reform affects taxpayers who claim the child tax credit Many people claim the child tax credit to help offset the cost of raising children. Tax reform legislation made changes to that credit for 2018 and later. Here are some important things for taxpayers to know. Credit amount. The new law increases the child tax credit …

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