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The Tennessee General Assembly has approved three sales tax holidays for 2021, which include the traditional three-day weekend for back-to-school supplies, an added week-long break on food tax, and a year-long opportunity to save on gun safety equipment.
View MoreThe Tennessee Department of Revenue has announced changes to TNTAP, Tennessee’s tax filing website.
View MoreThe IRS and Treasury Department recently announced that the first monthly payment of the expanded and newly-advanceable Child Tax Credit from the American Rescue Plan will be made on July 15.
View MoreFollowing the recent disaster declaration issued by the Federal Emergency Management Agency, the IRS announced that victims of severe storms, straight-line winds, tornadoes and flooding that began March 25, 2021 now have until Aug. 2, 2021 to file various individual and business tax returns and make tax payments.
View MoreAmazon has now made it possible for purchases made using the Amazon Shopping mobile app to be included in its AmazonSmile donation program.
View MoreThe IRS recently announced it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan.
View MoreThe IRS recently issued Notice 2021-21 providing details on its postponement of the April 15 tax deadline for individuals to May 17, 2021.
View MoreThe IRS recently issued Announcement 2021-7 clarifying that purchases of personal protective equipment for the primary purpose of preventing the spread of coronavirus are deductible medical expenses.
View MoreThe IRS recently stated that eligible educators can deduct unreimbursed expenses for COVID-19 protective items to stop the spread of COVID-19 in the classroom.
View MoreThe IRS recently announced that the tax filing season will begin on Friday, Feb. 12, 2021, when the agency will begin accepting and processing 2020 tax year returns.
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