Tax Facts & Fed. Relief 2021

Biden's American Rescue Plan for the Covid-19 Pandemic

· $3,000 per child tax credit ($3,600 if under 6) is up from $2,000 in the previous 2019 "tax year."

· The 2020 tax filing deadline is extended to May 17, 2021 because of the chaotic pandemic.

· Stimulus checks are not counted toward your taxable income.

If you didn’t get the full Economic Impact Payment, you may be eligible to claim the Recovery Rebate Credit

The IRS and Treasury have issued all first and second Economic Impact Payments.

If you didn’t get any Economic Impact Payments or got less than the full amounts, you may qualify for the Recovery Rebate Credit and must file a 2020 tax return to claim the credit even if you don’t normally file, so contact us today at www.SolidTaxServices.com

In Trust,

Ashley Thomas, EA, CEO