New Law Includes Favorable Changes for Individuals

January 5th, 2021|Categories: Accounting, Burns Firm, Consolidated Appropriations Act of 2021 (CAA), Coronavirus, Covid-19, COVID-Related Tax Relief Act (COVIDTRA), Tax, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA)|Tags: , , , , , , , , , , , |

The massive COVID-19 relief bill signed by President Trump on December 27, 2020, contains a variety of tax breaks and authorizes direct payments to eligible individuals (see right-hand box). The law [...]