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American Rescue Plan Act of 2021

American Rescue Plan Act of 2021

There are several tax provisions in the latest Covid relief bill that was signed into law by President Biden today.  Among those, a provision that makes the first $10,200 in unemployment benefits received in 2020 tax-free for taxpayers making less than $150,000 per...
Recovery Rebate Credit

Recovery Rebate Credit

The stimulus checks many Americans received were an advance payment of a special 2020 tax credit, the recovery rebate credit.  When you prepare your 2020 personal income tax return, you will need to reconcile the amount you received with the amount you were...
Energy Credits

Energy Credits

As luck would have it, my 20 year old air conditioning unit needs to be replaced.  I’ve been shopping and learning about air conditioners for the past two weeks and have finally decided on a 16 SEER unit with a 10 year warranty.  The minimum rating the...