Tax Updates for 2021
Does it seem like you just did your taxes? Even though you may have filed your individual return during the summer of last year, your 2020 tax return is due …
Insights and News
The IRS Begins Delivery of the Second Round of Economic Impact Payments
The Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 …
Medicare FFS Claims: 2% Payment Adjustment (Sequestration) Suspended Through March
From MLN Connects: “The Coronavirus Aid, Relief, and Economic Security (CARES) Act suspended the payment adjustment percentage of 2% applied to all Medicare Fee-For-Service (FFS) claims from May 1 through …
Tax-Smart College Saving Strategies for Parents. Start 2021 on the Right Path!
College is expensive. Data for the 2019–2020 academic year indicates that the average cost of tuition, fees, room, and board was $30,500. Tax law has provisions to help you cover …
Updated PEPPER Retrieval Maps Allow Comparison By State
The PEPPER Team has updated the maps that display the PEPPER retrieval rates for PEPPERs accessed via the PEPPER Resources Portal for each state/territory. Percentages reflect the PEPPER release that …
IRS Issues Standard Mileage Rates for 2021
From the IRS: The Internal Revenue Service today issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or …
What’s in the Proposed Coronavirus Relief and Omnibus Spending Bills?
Congress is on the verge of passing the next Coronavirus Relief bill and a large Omnibus Spending bill after months of gridlock. The two bills come in at $2.3 trillion, …
Year-End Reminder: Expanded Tax Benefits Help Individuals and Businesses Give to Charity During 2020
From the IRS: The Internal Revenue Service today explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year. The Coronavirus …
HHS Begins Distributing Phase 3 COVID-19 Provider Relief Funding
From HHS: Today, the Trump Administration, through the Health Resources and Services Administration (HRSA) is announcing it has completed review of Phase 3 applications from the Provider Relief Fund (PRF) …
Pfizer’s COVID-19 Vaccine Gets an EUA – What You Need to Know
On Friday the FDA issued an Emergency Use Authorization (EUA) to Pfizer for its COVID-19 vaccine, the first authorization for a COVID-19 vaccine in the United States. Operation Warp Speed …