Glickstein Laval Carris, P.A. is a full service accounting firm that has been in business for over 40 years! We have made a lot of changes throughout the years, but our dedication to personal partner service has stayed the same. We always love to hear from our clients so please reach out if there is anything you need between now and the next tax day.
What's New in 2021
With the end of the 2020 filing season upon us, now is the time to become aware of major changes for 2021. But be prepared, politicians are making noise in preparation for another fun-filled year of late breaking changes. Here is what we know now.
We're always being reminded to save for retirement in tax-advantaged accounts like 401(k)s or IRAs. But did you know the government does an about-face and forces us to take money out of those accounts once we reach retirement? It's called the required minimum distribution (RMD) rule.
The American Rescue plan signed in March, 2021 requires the IRS to pay out ½ of enhanced Child Tax Credits (CTC) to eligible taxpayers beginning this month. A tall order, and one filled with land mines.
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