Coronavirus Tax Relief

The IRS is offering tax help to anybody that has been negatively impacted by the pandemic.

The 2021 Child Tax Credit is up to $3,600 for each qualifying child.

Also, the IRS has issued all first, second and third Economic Impact Payments. If you have received the stimulus payment, you must claim the credit on your tax return.

Employers may also claim the employee retention credit, a refundable tax credit equal to 50% of up to $10,000 in qualified wages paid after March 2020 and before January 2021.

To see whether you are eligible for these tax credits please contact our office today.