Personal – Page 20 – Fiducial Blog

Looking for a Tax Credit? Don’t Miss out on These!

May 14, 2021

A tax credit is a tax benefit that offsets your actual tax liability. Check out Fiducial's list of tax credits available to individual taxpayers for 2020.

Good News! Big Increase in Child Tax Credit For 2021

May 10, 2021

An increased child tax credit is part of the ARPA. The IRS will pay a portion of the credit in advance in monthly payments from July through December.

Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage

May 7, 2021

The ARPA includes a provision for the federal government to pick up the cost of COBRA health coverage. Read on to learn more about this program.

Mother doing home schooling with child while wearing surgical face mask for coronavirus

Cafeteria-Plan DCAPs Get Temporary Boost from COVID-19 Relief Act

May 3, 2021

Employers use cafeteria plans to offer employees a menu of benefits. Among the most popular are enrollment in dependent care assistance programs (DCAPs).

Another Round of Economic Impact Payments Approved by Congress

April 30, 2021

The American Rescue Plan Act includes an economic impact payment (EIP). This will be the third round of economic impact payments since the pandemic began.

Good news! Solar Tax Credit Extended for Two Years

April 28, 2021

A federal solar tax credit fhas been extended through 2023. The credit for 2021 and 2022 is 26% of the cost of the installation. It drops to 22% for 2023.

Great News! Child Care Tax Credit Expanded for 2021

April 16, 2021

Great news if you pay childcare expenses that enable you to work. President Biden’s ARPA substantially increased the child and dependent care tax credit.

Run a business from home? You May Qualify for Home Office Deductions

April 14, 2021

Are you self-employed? Do you run your business from your home? You might be able to claim deductions for home office expenses against your business income.