Tax Changes – Page 18 – Fiducial Blog

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.

Business highlights in the new American Rescue Plan Act (ARPA)

April 21, 2021

President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. Here's are several tax breaks and financial benefits for businesses.

Employee Retention Credit Extended Through June 2021

April 19, 2021

During the pandemic, the CARES Act created the Employee Retention Credit for 2020. As part of the CCA, the credit has been extended through June 2021.

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.

Increased Business Meal Deduction for 2021 and 2022

April 12, 2021

Under TCJA, the business meal deduction is 50% of the actual expense. For 2021 & 2022, the Taxpayer Certainty & Disaster Tax Relief Act of 2020 allows 100%.

Here’s What Happened in the World of Small Business in March 2021

April 9, 2021

March 2021 was a big month for your small business! Check out Fiducial’s list of five things that happened last month that affect your small business.

Mark Your Calendar! April 2021 Individual and Business Tax Due Dates

April 2, 2021

April is a big month for tax due dates! The deadline to file has been extended to May 17th, but there are still some taxes due in April. Mark your calendar!

Were You the Victim of a Qualified Disaster? There Is Tax Relief Available

March 31, 2021

Often, legislation provides tax relief to the victims of a qualified disaster. Now, we have the Taxpayer Certainty and Disaster Tax Relief Act of 2020.