Tax News

The Families First Coronavirus Response Act or FFCRA that related to pandemic Cornavirus or Covid-19 , provides tax and other reliefs for individuals, self-employed and businesses.Earlier the Govt. provided Coronavirus relief for payment…
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The Internal Revenue Service today advised that an individual with an HDHP or high-deductible health plans, may continue to contribute to a health savings account (HSA) can pay for 2019 Coronavirus (COVID-19)-related testing and…
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The 2020 tax rates that affect your tax filing for 2021, came out on Wednesday 6th Nov 2019 !Find the copy of IRS release on the 2020 tax rates and income brackets. While the seven slabs of tax rates remain unchanged, the income limits have…
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The Internal Revenue Service has extended  the due date for furnishing the 2018 Form 1095-B and Form 1095-C to individuals from January 31, 2019 to March 4, 2019.This extension is automatic which means that you do not  need to submit a…
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Despite newly-enacted restrictions on home mortgages under the Tax Cuts & Jobs Act , you  can still deduct interest on a home equity loan, home equity line of credit (HELOC) or second mortgage. This is so , because the restriction under…
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