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The Expanded Child Tax Credit

The federal government has upgraded its Child Tax Credit (CTC). Thanks to the American Rescue Plan Act, there are four notable differences in effect for the 2021 tax year only.1 First, the Internal Revenue Service is paying many families who qualify for the CTC 50% of...

The IRS Extends Additional Tax Deadlines

What to know about your IRA, HSA, and more  Previously, the Internal Revenue Service (IRS) announced that the federal income tax filing due date for individuals for the 2020 tax year had been automatically extended from April 15, 2021, to May 17, 2021.1 More time for...

The New Inherited IRA Rules

Do you know what has changed for IRA beneficiaries?  New inherited IRA rules took effect on January 1, 2020. The Setting Every Community Up for Retirement Enhancement (SECURE) Act became law on that day, altering the regulations on inherited Individual Retirement...