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Tax credits for college students

In the IRS Tax Tip 2022-123, the IRS reminds college students and any taxpayers that might claim them, that there are two education credits available for them: 1. American Opportunity tax credit Worth a maximum benefit of up to $2,500 per eligible student Only available for the first four years at a post-secondary or vocational

Paid leave to employees receiving COVID-19 vaccines

American Rescue Plan tax credits available to small employers to provide paid leave to employees receiving COVID-19 vaccines and that credit should be claimed in the 941 Employer's Quarterly Federal Tax Return. We recommend business owners to reach out to the payroll department or payroll company to get advantage of this tax credit. For further

By |2021-04-24T18:22:34+00:00April 24th, 2021|Categories: Business|Tags: , , , , , , , |
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