Posted on Feb 28, 2021

Laurie's Bookkeeping & Tax Service

Hey There:

Just wanted to touch base with you now that tax season is here, Did you know the tax changes regarding the CARES Act?

Accounting to The House and Senate passed H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The President signed it into law on March 27, 2020. The CARES Act is a response to the coronavirus (COVID-19) public health crisis. In addition to stimulus checks for individuals and employer credits, the CARES Act includes other individual and business tax changes, appropriations for health care, unemployment compensation, small business loans, and more.

Individual tax changes in the CARES Act
-Recovery rebate credit (stimulus payments)
-Retirement provisions
-Charitable provisions
-HSAs and other tax favored accounts
-Student loan
We are ready to provide the updates as it relates to Tax changes and to file your tax return by maximizing the qualifying credits and deductions owed to you.

Given the fact how the IRS has been operating - Long Delays, under staff etc. Call us to make your appointment today. 719-358-7134
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