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Tag: covid 19

Economic Lifelines: The Impact and Evolution of the Child Tax Credit

Economic Lifelines: The Impact and Evolution of the Child Tax Credit

During the tumultuous period marked by job losses, salary cuts, and widespread economic instability brought on by the COVID-19 pandemic, one measure offered a glimmer of hope to beleaguered families across the United States: the federal child tax credit. This initiative represented a significant departure from previous child allowances, childcare subsidies, and programs aimed at…

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Remote Work and State Taxes: What You Need to Know in Los Angeles and Across States

Remote Work and State Taxes: What You Need to Know in Los Angeles and Across States

The COVID-19 pandemic marked a significant shift in the American workforce, with a dramatic increase in remote work. As we progress through 2023 and into 2024, many employees, especially in tech-centric cities like Los Angeles, are continuing to work from home. However, this new era of remote work brings with it complex tax ramifications that…

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