Nu-Idee LLC Bookkeeping and Tax Services

Fort Myers FL

25 June, 2021

11:34 AM

Description

NU-IDEE LLC BOOKKEEING AND TAX SERVICES Nu-Idee LLC Bookkeeping and Tax Preparation Services Provides Clients Information and Advice Related to ARP Act Support and Tax Credits Assisting Parents With Access to Benefits, Expanded Tax Credits, and Supports Through the ARP Act  This fact sheet from Nu-Idee LLC Bookkeeping and Tax Preparation Services of Cape Coral provides information for parents regarding ARP Act financial sources and the steps that families can take to access each source.  Nu-Idee can assist parent in making the proper decisions regarding the correct amount of the payment and whether opting out is in the parent’s best financial interest. These payments and tax credits do not affect family income in determining eligibility for child care subsidies and do not count toward adjusted gross income for tax filers. Child Care Expenses What’s New? The ARP Act expands the size of the Child and Dependent Care Credit. Families are eligible for this tax credit if they needed care for any child younger than age 13 or for a disabled dependent of any age while working or looking for work. This benefit includes any amount paid (full or co-pay) for center-based child care, babysitter care, summer camp, or care by adult relatives outside the tax household. ITIN holders, including families who are immigrants with children born in the United States with a Social Security number, are eligible to receive this credit. What Families Do? Families should keep records of their child care expenses to report on next year’s tax return. Even those who do not owe taxes should file because the credit will be fully refundable and could result in a refund. Nu-Idee can assist you with questions and planning related to ARP.  If you have questions or need help with your tax planning, call Nu-Idee Bookkeeping and Tax Services Today! https://Nu-Ideellc.com/ Nu-Idee LLC 513 NW 4th Terrace, Cape Coral, FL 33993 239-205-2332   Bookkeeping Cape Coral Bookkeeper Cape Coral Tax Preparation Service Cape Coral