Are Donations to GoFundMe Tax-Deductible?
There has been no shortage of need during the pandemic, and to help meet it, friends, neighbors and customers have set up hundreds of thousands of crowdfunding campaigns. GoFundMe estimates that an American has started a Covid related fundraiser on…
Read moreAdvance Child Tax Credit Payments in 2021
There have been important changes to the Child Tax Credit that will help many families receive advance payments starting this summer. The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for tax year 2021 only….
Read moreIRS postpones April 15 U.S. tax deadline to May 17
The IRS and Treasury Department will postpone the April 15 tax-filing deadline to May 17, the agencies announced Wednesday. “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to…
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