Stimulus payments are not expected to be sent out until sometime early in 2021. President-elect Joe Biden has pledged support for further financial support to small businesses and individuals when he takes office in January.
COVID-19 Weekly Digest (December 16, 2020)
Employees who have been working from home during the pandemic may face a surprise when they file their 2020 tax returns if their home is in a different state from the employer’s location.
COVID-19 Weekly Digest (December 09, 2020)
Even if you aren’t itemizing your deductions for 2020, the CARES Act will allow you to deduct $300 of cash contributions to charities when you file your tax return in 2021.