The lapse of the American Rescue Plan Act pulled back benefits for many tax programs including the child tax credit (CTC), child & dependent care credit (CDCC) and the earned income tax credit (EITC). These programs will revert back to the benefits and income guidelines available prior to the Act.The IRS has posted some key items [...]

The premium tax credit (PTC) assists eligible households by lowering the amount of their health insurance premium when they purchase a Qualified Health Plan on the marketplace (NY State of Health). The PTC offsets the amount of the health plan’s premium in the form of a tax credit. The American Rescue Plan Act (ARPA) of 2021 [...]

U.S. Department of Health and Human Services (HHS) has extended the COVID-19 public health emergency declaration for another 90 days effective January 11, 2023, setting the expiration date to April 11, 2023.HHS initially declared the Corona Virus a public health emergency on January 31, 2020. It has been extended since that time.For more information go to [...]

The Consolidated Appropriations Act, 2023 law, which was recently passed by Congress, ended the SNAP Emergency Allotment (EA), also known as a SNAP supplement. By March 2023, all SNAP households’ benefits will return to “normal amounts” (budgeted amounts), without the added supplement. View USDA announcement here. Background: On March 2020, NYS elected to utilize this temporary [...]