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The Inflation Reduction Act was signed into law by President Biden on August 16, 2022. This act is a huge, $750 billion bill that includes provisions to deal with climate change, health care and corporate taxes.
With the IRS backlog of tax returns more than tripled over last year, many Americans are still waiting for their 2020 tax refunds. So, what can you do now to avoid waiting for your refund after filing your 2021 taxes?
This year has brought with it many tax shifts, changes, and disruptions, making it critical for taxpayers to stay on top of recent regulatory adjustments. One of the latest tax modifications is the 2020 Payroll Tax Deferral.
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