There have been important changes to the Child Tax Credit that will help many families this summer. The American Rescue Plan ACT of 2021 expands the Child Tax Credit for tax year 2021 only, the legislation not only temporarily increases the amount each parent will receive, from $2,000 to $3,600 for children under 6 and $3,000 for children 6 and up, it also… Continue Reading
Archives for 2021
Interview Regarding Ethanol Infrastructure with Linder Farm Network
Listen as John Christianson joins Linda Brekke of the Linder Farm Network in a discussion regarding Biofuels in the state of Minnesota and the impact of implementing E15 as a base fuel as recommended by the Governor’s Council on Biofuels.
Restaurant Revitalization Funding
Restaurants (and Bars) Rejoice! Our friends in food service have gotten nimble over this past year. Now there’s forgivable funding for those forging forward. The SBA announced that registration will open through their portal beginning Friday, April 30, 2021. Applications can be submitted starting Monday, May 3, 2021, although there will be approval priority given… Continue Reading
COBRA and the New Subsidy
COBRA Premiums Now Being Paid by Employers Are you aware of the COBRA rules we now live in under the Federal American Rescue Plan Act (ARPA)? From April 1st to September 30th, 2021, employers are required to pay COBRA premiums for employees who were involuntarily separated or had a reduction in hours. Under this federally… Continue Reading
Daycare Tax Savings
Are You Making the Right Election? While many parents are still shoring up their 2020 tax filing, they are probably passing up major savings in 2021 that will need a decision now before it’s too late. Not only did the pre-tax maximum Dependent Care Flex amount increase from $5,000 to $10,500 for 2021 (if employers… Continue Reading
RFS Compliance and Attestation Reporting Deadlines Reminder
In January, Christianson sent out a summary of the US EPA’s proposed compliance deadline extensions for the Renewable Fuels Standard. The final rule was released on April 1. While EPA decided to extend the deadlines for obligated parties and small refineries, it declined to move the deadlines for RIN producers and RIN owners. If you… Continue Reading
