Tax

The legislation includes a massive, one-year expansion to the child tax credit program aimed at curbing child poverty, a change Democrats are already seeking to make permanent.

President Joe Biden’s $1.9 trillion COVID-19 relief bill cleared its final congressional hurdle Wednesday, with the House passing the bill on an 220 to 211 vote, sending it to the president for his signature.

Some tax pros say the confusion caused by the pandemic require a delay; others say it should be unnecessary by now.

Since last tax season, many clients have reassessed their charitable giving.

The House is poised to send the $1.9 trillion COVID-19 relief plan to President Joe Biden for his signature, providing an economic boost that will last long after $1,400 stimulus checks start arriving in Americans’ accounts this month.

Re-targeting PPP; how to charge more; this season’s challenges; and other highlights from our favorite tax bloggers.

Mark Luscombe offers an in-depth look at the many tax angles of the American Rescue Plan.

Roth conversions and backdoor Roths ease COVID financial pain for wealthy earners this tax season

UBS Group AG questioned investigators’ dealings with a whistleblower who provided documents and evidence about an event for wealthy clients at the French Open that helped lead to a record 4.5 billion-euro ($5.4 billion) penalty.

Now is a great time to start helping clients plan for their financial futures.