Child Tax Credit Increases the child tax credit amount for 2021 only, to $3,600 for children under 6, and to $3,000 for ...
Month: March 2021
Insights
March 2021
March 2021
Message from President Josh Shilts Please see below for a message from Shilts CPA, PLLC President, Josh Shilts, regardin...
Insights
March 2021
March 2021
Message from President Josh Shilts Last month we introduced you to our new Shilts CPA Firm Portal exclusively for our Sh...
If you haven’t contributed funds to an Individual Retirement Account (IRA) for tax year 2020, or if you’ve p...
During 2020, millions of taxpayers were impacted by the COVID-19 pandemic through job loss or reduced work hours. Some t...
Taxpayers with dependents who don’t qualify for the child tax credit may be able to claim the credit for other dep...
Special tax rules may apply to some children who receive investment income. The rules may affect the amount of tax and h...
Tax credits are still available for Qualified Plug-in Electric Drive Motor Vehicles including passenger vehicles and lig...
Apps like Robinhood make it easy for everyone to play the stock market. If you’re a retail investor who made money...
Tax changes due to recent legislation such as the Tax Cuts and Jobs Act and the CARES Act, affect both individual taxpay...