💰The employee retention tax credit may be ending, so apply before January 31st if eligible.
📉The $78 billion deal could delay the government shutdown.
💵The $78 billion deal aims to increase the refundability of the child tax credit.
💰The employee retention tax credit may be ending, so apply before January 31st if eligible.
📉The $78 billion deal could delay the government shutdown.
💵The $78 billion deal aims to increase the refundability of the child tax credit.
What is the employee retention tax credit?
—The employee retention tax credit is a tax credit available to businesses that had payroll in 2020 and 2021 and meet certain conditions.
When is the deadline to apply for the employee retention tax credit?
—The deadline to apply for the employee retention tax credit is January 31st, but the IRS has temporarily paused processing applications.
How can I apply for the employee retention tax credit?
—You can apply for the employee retention tax credit by filling out the necessary forms provided by the IRS.
What is the $78 billion deal about?
—The $78 billion deal aims to increase the refundability of the child tax credit and potentially delay the government shutdown.
What are the income thresholds for the child tax credit?
—The income thresholds for the child tax credit vary, but generally, individuals with an income below $75,000 and joint filers with an income below $150,000 qualify for the full benefit.
00:07The employee retention tax credit may be ending soon, so it's advisable to apply before January 31st if eligible.
00:22The $78 billion deal could potentially delay the government shutdown.
00:48The employee retention tax credit offers a tax credit to businesses with payroll in 2020 and 2021 and meeting certain conditions.
02:28The $78 billion deal aims to increase the refundability of the child tax credit, providing additional benefits to eligible individuals.
03:19The deadline to apply for the employee retention tax credit is January 31st, with the IRS temporarily pausing processing applications.
06:12The $78 billion deal could potentially impact other tax breaks and benefits, such as increased disaster tax relief and expanded low-income housing tax credits.
09:05The income thresholds for the child tax credit vary, but generally, individuals with an income below $75,000 and joint filers with an income below $150,000 qualify for the full benefit.
09:19The $78 billion deal is still in the discussion phase and has not yet passed. Stay updated for further details and potential retroactive tax benefits.
