Durham & DurhamJan 5, 20222 minMajor Changes to Mobile Payment Apps like Venmo & PayPal Income ReportingMobile Payment income reporting has changed to totals exceeding $600.
Durham & DurhamSep 16, 20211 minNEW for 2021 Charitable ContributionsNew in 2021 you may take a $300 (Single/HOH) or $600 (MFJ) deduction in cash contributions to a qualified organization if you don’t itemize.
Durham & DurhamAug 13, 20211 minChild Tax Credit Update PortalThe 2nd Advanced CTC Payment is scheduled to be issued Friday 8/13/21.
Durham & DurhamAug 9, 20212 minDelivery OR Vehicle Transport Driver ExpensesAny time you are using your vehicle for delivery or transporting paying riders, those are business miles.
Durham & DurhamAug 3, 20211 min100% Restaurant Deduction for BusinessesBusinesses can claim 100% of their food or beverage expenses paid to restaurants.
Durham & DurhamJul 26, 20212 minNEW ADVANCED Child Tax Credit PaymentsThe Child Tax Credit per qualifying child has increased to $3,600 for children ages 5 & under; and $3,000 for children ages 6 -17.