ERC Eliminated by IIJA
The death knell of the Employee Retention Credit (ERC)—a provision of the Coronavirus Aid, Relief, and Economic Security Act, H.R. 748, (CARES Act,) an economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump in March 2020—has been sounded by the Infrastructure Investment and Jobs Act (IIJA.) The […]
Deduction Changes in 2018
The new tax law eliminated several beneficial deductions and credits. Many filers may have the opportunity to receive a significant tax break, while others may see theirs decrease as a result of new deduction rules. Unfortunately, most people won’t know exactly what part of that spectrum they will fall under until they fill out their […]