Durham & Durham, Inc.
Tax Preparation, Consultation, & Accounting

Key taxpayer challenges this year have included return processing delays, correspondence processing delays, and difficulty reaching the IRS.

New in 2021 you may take a $300 (Single/HOH) or $600 (MFJ) deduction in cash contributions to a qualified organization if you don’t itemize.

The 2nd Advanced CTC Payment is scheduled to be issued Friday 8/13/21.

Businesses can claim 100% of their food or beverage expenses paid to restaurants.

The Child Tax Credit per qualifying child has increased to $3,600 for children ages 5 & under; and $3,000 for children ages 6 -17.