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Beyond the child credit, Social Security and unemployment faced changes: What to know about tax law changes

July 18, 2021

Via: USA TODAY
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The coronavirus pandemic has eased substantially across the nation as the economy opens up. But the tax ramifications from it are still reverberating.

Among the changes: The Internal Revenue Service has started to issue refunds to millions of Americans in two separate areas – unemployment benefits and child tax credits. The changes are tied to unusual provisions adopted in part to relieve the financial stress caused by the pandemic.

The IRS also is reminding self-employed people that they might have a deferred tax payment due later this year — also courtesy of COVID-19 relief legislation.

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