The Newsroom
Financial and Accounting Updates and Information from Maggart
Scroll down or quick jump:
From the Monthly Newsletter...
ARPA Provides More Than Just Direct Payments to Taxpayers
On March 11, another round of COVID-19 relief legislation was signed into law. The American Rescue Plan Act (ARPA) includes funding for individuals, businesses, and state and local governments, but also some significant tax-related provisions. ARPA extends and expands some tax provisions in the CARES Act and the Consolidated Appropriations Act (CAA) and also includes …
ARPA Provides More Than Just Direct Payments to Taxpayers Read More »
How the Consolidated Appropriations Act Affects Education Funding
The Consolidated Appropriations Act (CAA), signed into law late last year, contains a multitude of provisions that may affect individuals. For example, if you’re planning to fund a college education or in the midst of paying for one, the CAA covers two important areas: 1. Student Loans The CARES Act temporarily halted collections on defaulted …
How the Consolidated Appropriations Act Affects Education Funding Read More »
The Details of Claiming the Home Office Deduction
Many people have found themselves working from home during the COVID-19 pandemic. If you’re one of them, you might wonder, “Can I claim the home office deduction on my 2020 tax return?” The short answer is: Only if you’re self-employed. Employees can no longer claim home office expenses, and even self-employed taxpayers must follow strict …
The Details of Claiming the Home Office Deduction Read More »
