Supreme Court Shoots Down Appeal on Use of COVID Aid for Tax Cuts
Several GOP-led states sued after President Biden signed the American Rescue Plan Act into law in 2021.
covid relief
IRS Corrected 14 Million Tax Returns with Average Refund of $1,232
Many of the 12 million refunds come from a change in the way unemployment insurance was taxed.
IRS Updates FAQ on Unemployment Compensation Exclusion
The American Rescue Plan Act of 2021 provided relief to those receiving unemployment compensation in 2020.
Small Businesses Get Tax Credits for Paid Leave for Covid Vaccinations
Eligible employers, such as businesses and tax-exempt organizations with fewer than 500 employees and certain governmental employers, can receive a tax credit for providing paid time off for each employee receiving the vaccine and for any time needed ...