The IRS is expanding the COVID-related paid leave tax credit to include time that workers take off to take family members to get the COVID vaccine or to help that family member recover from the effects of the vaccine.
Business Update - Weekly Digest (July 29, 2021)
As the advance Child Tax Credit payments began arriving a few weeks ago, many parents were surprised to receive a different amount than expected, and many have had questions about the amounts they received. Parents with children who will turn 6 or 18 by the end of the year may be receiving less than expected: only children under the age of 6 are eligible for $300 payments, and only children between the ages of 6 and 17 are eligible for the maximum $250 per month payment.
Business Update - Weekly Digest (July 21. 2021)
In 2022, Social Security beneficiaries may see the biggest increase to their benefits in decades as inflation pushes the Consumer Price Index up 5.4% since last year.