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How to Calculate the Self-Employed Tax Credit Amount Under FFCRA and FMLA
facebooktwitterlinkedininstagramIn our last blog, we talked a bit about the term “qualified” as it pertains to eligibility for the tax credits for the self -employed as provided under the Families First Coronavirus Act – FFCRA – provision of the FMLA, which everyone...
Tax Credits for Paid Sick and Family Leave for the Self-Employed
facebooktwitterlinkedininstagramThe Family First Coronavirus Response Act – or FFRCA – provides two important tax credits geared toward the self-employed to help cover the cost of taking time off due to COVID-19. While most of the text in these laws apply to...
IRS Extends Filing & Payment Deadline
facebooktwitterlinkedininstagramThe Treasury Department and Internal Revenue Service announced March 17th, that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS...
Families First Coronavirus Response Act
facebooktwitterlinkedininstagramEligible self-employed individuals will determine their qualified sick and family leave equivalent tax credits with the new IRS Form 7202, as an addendum to the 2020 Form 1040 for leave taken between April 1, 2020, and December 31,...
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