What’s New for 2021 Tax Returns

Tuition and fees deduction not available. The tuition and fees deduction is not available after 2020. Instead, the income limitations for the Lifetime Learning Credit have been increased. Economic impact payment—EIP 3. Any economic impact payment you received in 2021 is not taxable for federal income tax purposes, but will reduce your recovery rebate credit. 2021 recovery rebate credit. This credit […]

2021 Year-End Tax Planning for Businesses

As we wrap up 2021, it’s important to take a closer look at your tax and financial plans. This year likely brought challenges and disruptions that significantly impacted your personal and financial situations –– a continued global pandemic, several significant natural disasters, new tax laws and political shifts. Now is the time to take a […]


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