Will I need to provide information about my Economic Impact Payment to claim the Recovery Rebate Credit on my 2020 tax return when I file in 2021? Part of the "Further Consolidated Appropriations Act, 2020" includes various tax changes. We previously sent an email regarding the Extenders portion of this new law.
Today's email is on another part titled the Setting Every Community Up for Retirement Enhancement Act of 2019 SECURE Act. The recently enacted tax reform package changed the way we think about itemized deductions by placing caps on some items and outright repealing others. The change that's garnered the most attention is the new $10,000 cap on the state and local income and property tax.
Today's email is on another part titled the Setting Every Community Up for Retirement Enhancement Act of 2019 SECURE Act. The recently enacted tax reform package changed the way we think about itemized deductions by placing caps on some items and outright repealing others. The change that's garnered the most attention is the new $10,000 cap on the state and local income and property tax.
Services
We are located 24 miles north of Milwaukee in downtown Saukville, Wisconsin, just west of I-43. Unlike other accounting firms, we come to your place of business and work on your system, if you prefer. We are registered as Pro Advisors for Quickbooks and can support various releases of that software.
Born in Tacoma, Washington, raised in Nashville, Tennessee, Joetta Jatczak has spent half of her life in Southeastern Wisconsin. From high school on, she fell in love with bookkeeping and numbers. Decided on a career path from a young age, she went on to study at the University of New York - Albany and received her Bachelor's Degree in Accounting.
Jill Colville is a new member of the Sass Accounting staff, serving the role of Accounting and Tax Assistant. From a young age, she has played the role of assistant to her mother, Joetta Jatczak. After deciding that she would like to continue in her mother's footsteps in accounting and business, Jill obtained a Business Administration Degree with an accounting focus from the University of Colorado - Global Campus.
Laurie and Sass Accounting have always been a valuable resource for all of my accounting and taxation needs. As a person who has worn a few different hats in the business world, including franchising, payroll processing and legal work for clients, Laurie and Sass Accounting have always been very responsive and timely in answering questions, solving problems and crisis, and developing systems to prevent the former from repeating in the future.
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Krista Oldenburg
Feb 22, 2021
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