Newsletter June 1,2021 > Newsletter June 1, 2021

IRS Begins Issuing Refunds for Eligible Unemployment Benefits Recipients

June 1, 2021

The American Rescue Plan Act (ARPA) retroactively excluded some 2020 unemployment benefits from taxable income. Generally, taxpayers with modified adjusted gross incomes below $150,000 do not have to pay tax on their first $10,200 of …

Special Healthcare Enrollment Period Extended to August 15

June 1, 2021

The recently enacted American Rescue Plan Act (ARPA) may help reduce health insurance costs for millions of Americans in 2021. The law expands the Premium Tax Credit from the Affordable Care Act, which can reduce …

Upcoming Tax Deadlines

June 1, 2021
June Day 10 Employees Who Work for Tips – If you received $20 or more in tips during May, you must report them to your employer (employees are required to keep a daily record of tips). All tips …