Ohio’s COVID-19 Tax Relief

Ohio’s Filing and Payment Extensions While certain deadlines were extended for tax returns and payments due in 2020, currently only the tax year 2020 Ohio individual income tax and school district income tax due dates have changed for returns (IT1040 and SD 100) and payments due in 2021.  Please see our due dates table for more information. [...]

Ohio’s COVID-19 Tax Relief2021-07-04T18:03:26-04:00

Student loan payments will resume soon. Here’s what you should do now

Come this fall, borrowers will again have to make room in their lives and budgets for monthly student loan payments. It’s been a good run. The U.S. Department of Education first gave borrowers the option of pausing their bills without interest accruing in March 2020. (Most federal student loan borrowers accepted that offer.) Many borrowers [...]

Student loan payments will resume soon. Here’s what you should do now2021-06-21T14:28:20-04:00

House passes OSCPA-supported muni tax bills

The Ohio House on May 26 approved two OSCPA-supported bills that would make needed adjustments to municipal tax collection. The first – House Bill 157 – would address employer withholding changes made in response to the pandemic. The bill allows employers to continue (but does not require) withholding municipal income taxes based on where the employer is located through the end of 2021 but beginning in 2022 the normal [...]

House passes OSCPA-supported muni tax bills2021-05-28T11:55:49-04:00

The IRS extended the federal tax deadline. Here’s when state returns are due

The tax season might be a little more complicated for filers in certain states. The recent move by the IRS to extend the filing season to May 17 from April 15 only applies to federal income tax returns. That deadline doesn’t always align with due dates for state income taxes. Most states have followed the IRS [...]

The IRS extended the federal tax deadline. Here’s when state returns are due2021-04-05T12:45:07-04:00

IRS Warns Taxpayers of “Ghost” Return Preparers

The IRS has reminded taxpayers to avoid "ghost" tax return preparers whose refusal to sign returns can cause an array of problems. Filing a valid and accurate tax return is important because the taxpayer is ultimately responsible for it. Ghost preparers get their name because they do not sign tax returns they prepare. Like a [...]

IRS Warns Taxpayers of “Ghost” Return Preparers2021-03-30T11:15:43-04:00

Educators Can Now Deduct out-of-pocket Expenses for COVID-19 Protective Items

Eligible educators can deduct unreimbursed expenses for COVID-19 protective items to stop the spread of COVID-19 in the classroom. COVID-19 protective items include, but are not limited to:   *   Face masks   *   Disinfectant for use against COVID-19   *   Hand soap   *   Hand sanitizer   *   Disposable gloves   *   Tape, paint or chalk to guide social distancing   *   [...]

Educators Can Now Deduct out-of-pocket Expenses for COVID-19 Protective Items2021-03-12T13:44:37-05:00

Taxpayer Certainty and Disaster Tax Relief Act of 2020

Charitable Contribution Extensions The CARES Act included temporary changes to the limitation on charitable contributions in order to encourage taxpayers to support charities, hopefully lessening the impact of the pandemic on those in need. For individuals, the limitation on charitable contributions was increased from 60 percent of the contribution base to 100 percent for 2020. [...]

Taxpayer Certainty and Disaster Tax Relief Act of 20202021-02-08T22:16:22-05:00

No Surprises Act

The omnibus package also includes the No Surprises Act, the highlight of which is a prohibition on surprise medical bills, where a patient receives a separate, and sizable, medical bill from an out-of-network health provider while receiving treatment at an in-network facility. Due to the peculiarities of healthcare-related legislation, largely due to the Affordable Care [...]

No Surprises Act2021-02-08T22:15:38-05:00

Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues

The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act is largely related to the extension and enhancement of the popular Paycheck Protection Program. The significant majority of this section of the act does not have a direct tax effect. However, because the PPP does provide for the exclusion from income of forgiven PPP [...]

Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues2021-02-08T22:19:38-05:00

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