News & Insights

Temporary 100% Business Meal Deduction Stimulates Restaurants, Provides Savings to Businesses

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In an effort to stimulate spending in an industry that was largely affected by the COVID pandemic, the Consolidated Appropriations Act introduced a 100-percent deduction for business meals purchased at […]

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Decent, Affordable, Safe Housing for All Act

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The cost of rent has become more burdensome for some renters. According to a study by Center on Budget and Policy Priorities, during the last 20 years, rent has increased […]

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House Ways and Means Committee Releases Initial Tax Proposals

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On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes a series of tax increases and tax cuts, which will undergo a round of markups […]

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Five Possible Tax Aspects of a Parent Moving into a Nursing Home

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If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications related to this life event. […]

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2021 Child Tax Credit Updates & Advance Payments

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The American Rescue Plan Act (ARPA) of 2021 added several significant changes to the Child Tax Credit for 2021. Some of the changes include: Increasing the credit from $2,000 to […]

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