Relief Act of 2021
Governor Larry Hogan has introduced the RELIEF Act of 2021, an emergency stimulus and tax relief package that will provide more than $1 billion for Maryland working families, small businesses, and those who have lost their jobs as a result of the COVID-19 pandemic.
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Meals Will Now Be 100% Deductible In 2021 And 2022
On December 27, 2020, the President signed into law The Consolidated Appropriations Act, 2021, which is made up of the omnibus spending bill for the 2021 federal fiscal year and also $900 billion of stimulus relief for the COVID-19 pandemic in the United States. According to Section 210 of the stimulus relief package, there will be a “temporary allowance of full deduction for business meals.”
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Tips to Help People Stay Safe Online
The IRS has issued Tax Tip 2020-163, which provides guidance and suggestions on how to best ensure taxpayers’ security and to keep people safe online. As the world becomes increasingly digital and we spend more time online, while navigating new technologies, everyone should be mindful of security risks, tax scams, consumer alerts, and fraudsters.
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