Income Tax Return | Durham & Durham Inc.

News Flash

Durham & Durham

Taxpayer Advocate expresses concern about continued refund delays and poor taxpayer service

Key taxpayer challenges this year have included return processing delays, correspondence processing delays, and difficulty reaching the IRS.

Durham & Durham

Major Changes to Mobile Payment Apps like Venmo & PayPal Income Reporting

Mobile Payment income reporting has changed to totals exceeding $600.

Durham & Durham

NEW for 2021 Charitable Contributions

New 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 & Durham

Child Tax Credit Update Portal

The 2nd Advanced CTC Payment is scheduled to be issued Friday 8/13/21.

Durham & Durham

Delivery OR Vehicle Transport Driver Expenses

Any time you are using your vehicle for delivery or transporting paying riders, those are business miles.

Durham & Durham

100% Restaurant Deduction for Businesses

Businesses can claim 100% of their food or beverage expenses paid to restaurants.

Durham & Durham

NEW ADVANCED Child Tax Credit Payments

The Child Tax Credit per qualifying child has increased to $3,600 for children ages 5 & under; and $3,000 for children ages 6 -17.