The IRS has extended the federal tax-filing deadline due to the ongoing pandemic. The postponement comes as the IRS battles a huge backlog that has prevented it from fully processing nearly 24 million tax filings from individuals and companies since the start of the fiscal year. The extended deadline only applies to federal income tax returns and taxes, so taxpayers should check to see if their state tax due dates have changed.
Not all states observe the federal government's filing deadline. For filers with an adjusted gross income of less than 150,000 in 2020, the first 10,200 of unemployment income, or 20,400 for married couples filing jointly, is tax-free (for both singles and couples). The income tax credit was also increased to 3,000 per year for children aged 6 to 17 and 3,600 per year for those under 6.
Not all states observe the federal government's filing deadline. For filers with an adjusted gross income of less than 150,000 in 2020, the first 10,200 of unemployment income, or 20,400 for married couples filing jointly, is tax-free (for both singles and couples). The income tax credit was also increased to 3,000 per year for children aged 6 to 17 and 3,600 per year for those under 6.
Services
When the time comes to do your taxes, plan for the future, or handle your business's accounting needs, it pays to have a financial professional on your side. At Accsol, Inc., we strive to provide the best service for every one of our clients. Whether you're a business owner or a private individual, our firm can help you manage your money and give yourself the room you need to reach your goals.
Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality. Our firm is one of the leading firms in the area. By combining our expertise, experience and the energy of our staff, each client receives close personal and professional attention.
35+ years experience in Bookkeeping, Financial and Tax Consulting & Tax Return Preparation for Individuals and business entities. 35+ years experience in international trade, extensive experience in international banking, and Mexican Commercial Code. We offer a broad range of services for business owners, executives, and independent professionals.
You get one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth. The hassles and red tape associated with estate planning can be daunting, but you don't need to do it alone. Our team is waiting to assist you through every step of the process.
