COVID-19 Relief: New Rules for Deducting Charitable Contributions

The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes several changes that encourage charitable giving during the coronavirus (COVID-19) crisis. This is welcome news for certain public charities, including churches, educational organizations, hospitals, medical research organizations and food banks. […]

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Federal Tax News

Taxpayers have many questions about Economic Impact Payments (EIPs). The IRS has answered some of them on its website. For example, is an EIP considered taxable income? The IRS says it's not and taxpayers won't owe tax on it. EIPs […]

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Federal Tax News

Be on “high alert” for scams related to the coronavirus (COVID-19) pandemic. The Treasury Inspector General for Tax Administration (TIGTA) has issued this urgent warning to taxpayers related to the government Economic Impact Payments that are being made to taxpayers […]

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Small Business Grant Fund Launches Today (4/20/2020)

Save Small Business Grant Fund Launches Today at 3pm! The U.S. Chamber of Commerce Foundation is launching the Save Small Business Grant Fund, an initiative to provide relief to small businesses when they need it most. Funded by corporate and […]

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