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“In 2020, the American Rescue Plan waived federal taxes on up to $10,200 of unemployment benefits, but this was not extended to 2021,” said Alajian. “All taxpayers who received unemployment last...
In a typical tax filing season, state taxes take a back seat to federal returns for Lewis Taub, a tax professional in New York. But for 2020, state taxes are causing headaches — and potentially ...
You calculate that you need to pay $10,000 in estimated taxes throughout the year, and you don't make your first payment until June 15 (when the second estimate is due), so your first payment will...
There are seven tax brackets this year, the same as there were in 2020 when filing for tax year 2019. The single/joint 2020 tax brackets are: 12% for incomes over $9,875/$19,750
Trump said the employee portion of the payroll tax would be deferred from Aug. 1 through the end of the year. ... Four prior coronavirus response bills totaling almost $3 trillion have won ...
(Photo by Pat Greenhouse/The Boston Globe via Getty Images) Qualified educators can deduct up to $250 of unreimbursed business expenses. If both spouses are eligible and file a joint return, they...
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