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Category: politics

Congressional Proposal Would Provide COVID Tax Breaks For Employees & Parents

Kelly Phillips ErbSeptember 17, 2020December 14, 2020

Our schools stopped in-person instruction due to the pandemic in March. Within a few weeks, it was evident that we were going to have to

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Here’s What’s In The ‘Skinny’ Senate Stimulus Bill

Kelly Phillips ErbSeptember 12, 2020December 14, 2020

It looks like Senate Majority Leader Mitch McConnell (R-KY) may bring a vote on the Senate “skinny” bill – the latest coronavirus relief bill. Why

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Ask The Taxgirl: Changes In Tax Rates After A Presidential Election

Ask The Taxgirl: Changes In Tax Rates After A Presidential Election

Kelly Phillips ErbAugust 20, 2020August 20, 2020

Taxpayer asks: Are tax rates locked in at start of year ?? I’d like to do a Roth conversion in early Jan 2021.  Can I

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Mnuchin Suggests Payroll Tax Deferral Will Be Discretionary

Kelly Phillips ErbAugust 13, 2020November 19, 2020

(Updated to add the letter from the Chamber.) Last week, President Trump took Presidential action to act on payroll tax collections. Specifically, he ordered that

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Confusion After President Trump Orders Temporary Payroll Tax Cut

Kelly Phillips ErbAugust 13, 2020November 19, 2020

On August 6, 2020, the Senate adjourned without passing a stimulus package. Senate Majority Leader Mitch McConnell (R-KY) wasn’t involved in the talks, leaving Senate

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Trump Signs Order To Extend Unemployment Benefits

Kelly Phillips ErbAugust 9, 2020November 19, 2020

On August 6, 2020, the Senate adjourned without passing a stimulus package. Senate Majority Leader Mitch McConnell (R-KY) wasn’t involved in the talks, leaving Senate

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Taxes From A To Z 2020: S Is For Sunset

Taxes From A To Z 2020: S Is For Sunset

Kelly Phillips ErbJuly 31, 2020July 31, 2020

It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office

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Senate CARES Act 2.0 Includes More Benefits, Another Round Of Stimulus Checks

Kelly Phillips ErbJuly 30, 2020November 19, 2020

In March of 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. It was bigger than the original Senate

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Senate Funding Is About More Than COVID-19

Kelly Phillips ErbJuly 29, 2020November 19, 2020

One of the drumbeats of the current Congress is the need to be more fiscally responsible. That makes sense. Our current national debt is $26,536,793,171,015

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Senate Stimulus Bill Includes PPP Expansion & Fixes

Kelly Phillips ErbJuly 27, 2020November 19, 2020

In March of 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. It was bigger than the original Senate proposal but smaller

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