by taxPRO Websites Staff | Apr 27, 2020 | Tax Tips and News
While non-filers receiving Supplemental Security Income (SSI) and Veterans Affairs (VA) benefits are scheduled to automatically get a $1,200 Economic Impact Payment, the IRS says beneficiaries need to report qualifying dependents before May 5, 2020, to receive an additional $500 per qualifying child with their EIP.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by taxPRO Websites Staff | Apr 27, 2020 | Tax Tips and News
Tax Policy – Reviewing the Benefits of Full Expensing for the Post-Pandemic Economic Recovery
Rather than relying on new tax subsidies or policies to address the economic issues resulting from the COVID-19 pandemic, lawmakers can look to reforms within the...
by taxPRO Websites Staff | Apr 24, 2020 | Tax Tips and News
The CARES Act removes an ACA limitation on using FSA, HSA, and HRA funds to pay for over-the-counter medication.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by taxPRO Websites Staff | Apr 24, 2020 | Tax Tips and News
The U.S. Treasury Department and the Internal Revenue Service say they’ve delivered 88 million stimulus payments to taxpayers during the first three weeks of the program.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by taxPRO Websites Staff | Apr 24, 2020 | Tax Tips and News
Tax Policy – April 24th Afternoon State Tax Update
On March 19 we launched a tracker providing a repository of information related to state fiscal policy responses to COVID-19. We are updating the tracker frequently and will be using the Tax Foundation...
by taxPRO Websites Staff | Apr 24, 2020 | Tax Tips and News
Tax Policy – Historic Oil Price Burns Hole in State Budgets
On April 20, the price for U.S. West Texas Intermediate (WTI) crude oil for May contracts was trading at a historically low -$37 per barrel (WTI serves as a reference price for crude oil). To...
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