The Ohio Dept. of Taxation recently issued a tax alert with guidance related to the federal deduction for unemployment benefits for tax year 2020. The department has added instructions from that alert to an FAQ on its COVID-19 tax relief webpage. The FAQ focuses on filing and amending a state tax return after the IRS issues a refund to a taxpayer who filed his or her federal and Ohio tax returns prior to the enactment of the federal unemployment benefits deduction. Read FAQ #1 here: https://bit.ly/3fWu2Sc
Work Opportunity Tax Credit provides help to employers
In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and should be aware that the WOTC is available to employers that hire workers from targeted groups who face significant barriers to...
