Compared to its House counterpart, the Senate bill makes certain tax provisions more generous, including corporate tax breaks ...

COVID-19 wreaked havoc on many of America’s small businesses, and Virginia’s 5th District was no exception. During COVID, Congress passed the Employee Retention Tax Credit (ERTC) which ...

Beware of your business taking false employee retention tax credits (ERTC). Congress enacted this COVID-19-related payroll tax credit for eligible businesses that continued to pay wages, generally ...

The moratorium was initially effective until at least Dec. 31, 2023. However, the agency will, for now, continue to process previously filed ERC claims, of which there are about 600,000, according ...

C OVID-19 wreaked havoc on many of America’s small businesses, and Virginia’s 5th District was no exception. During COVID, ...

Tax professionals and other experts testified during a congressional hearing about the Employee Retention Tax Credit and the issues they and their clients are facing amid constant sales pitches ...

Lastly, my office received in one instance a complaint from a constituent who had applied for the ERTC for the years 2020 and 2021, but never received the credit until the end of 2022. Most small ...

Child tax credit. For the Sec. 24 CTC, the bill increases the maximum refundable amount per child to $1,800 in tax year 2023, up from the current $1,600 per child. The amount increases to $1,900 in ...