Chandler & Richter, P.A., CPAs Accounting News
PPP Loan & Unemployment Compensation – Taxable or Not Taxable for North Carolina
PPP Loan and Unemployment Compensation – Taxable or Not Taxable for North Carolina The Paycheck Protection Program (PPP) Loan and Unemployment Compensation for the first $10,200 is not taxable on your Individual Federal Tax Return. North Carolina Legislature has not...
Advanced Child Tax Credit for your 2021 Tax Return
For qualifying children the Child Tax Credit payment for 2021 is as follows:
Children ages 5 or younger you will receive $3,600
Children from the ages of 6 to 17 you will receive $3,000
Dependents 18 and older you will receive $500