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The American Rescue Plan Act of 2021 introduced pivotal tax credits for paid leave, offering crucial support to individuals and businesses impacted by the ongoing challenges of the COVID-19 pandemic. This article focuses on the specific provisions related to self-employed individuals as outlined by the Internal Revenue Service (IRS). We explore eligibility criteria, qualified amounts, claiming procedures, and provide insights into maximizing these tax benefits.

The IRS offers a clean vehicle tax credit of up to $7,500 for buying a new, qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV) in 2023 or after. The credit amount depends on the battery capacity, the date of delivery, and the critical mineral and battery component requirements of the vehicle. The credit is also subject to income limits and phase-out rules. To claim the credit, you need to file Form 8936 with your tax return and attach the information provided by the seller at the time of sale.

For tax year 2025, the Internal Revenue Service (IRS) has introduced a temporary deduction for certain workers receiving qualified tips and overtime pay, providing much-needed tax relief to hourly employees, service industry workers, and those earning extra through overtime. This deduction applies to income earned in 2025, filed during the 2026 tax season.

📢 Major Updates for Tax Year 2025 (Filed in 2026)

If you’re age 65 or older, the IRS has introduced a NEW additional deduction of up to $6,000 — and yes, it’s REAL and IRS-approved!

In a move that has stirred political debate, Republican lawmakers successfully included a $20 billion cut in IRS funding as part of a larger bill to prevent a government shutdown. This strategic negotiation highlights the GOP’s priorities and ongoing tensions over government spending and federal agency powers. But what does this mean for taxpayers and federal operations?

The Beneficial Owner Information (BOI) report is a critical filing requirement introduced by the IRS and enforced under the Corporate Transparency Act. Designed to promote transparency and curb illegal activities like money laundering and tax evasion, the BOI report requires businesses to disclose detailed information about their beneficial owners.

The Diversity Visa (DV) program, commonly known as the Green Card Lottery, aims to increase diversity among immigrants in the United States. The DV-2026 program provides an opportunity for individuals from countries with low immigration rates to the U.S. to apply for a chance to receive a permanent resident visa. The official infographic by the U.S. Department of State guides applicants through the process, outlining important instructions and eligibility criteria. Understanding these details is crucial to improving your chances of successfully participating in the lottery.

Social Security এবং Medicare কর্মসূচিগুলি বহু দশক ধরে যুক্তরাষ্ট্রে সামাজিক সুরক্ষা প্রদান করে আসছে। Social Security কর্মসূচি বয়স্ক নাগরিকদের অবসরকালীন আয় প্রদান করে, যা তাদের দৈনন্দিন ব্যয় মেটাতে সহায়ক হয়। অপরদিকে, Medicare হলো একটি স্বাস্থ্যবিমা কর্মসূচি যা বয়স্ক এবং প্রতিবন্ধী ব্যক্তিদের স্বাস্থ্যসেবা অ্যাক্সেস নিশ্চিত করে। এই দুটি কর্মসূচিই যুক্তরাষ্ট্রের সমাজে অমূল্য অবদান রেখে চলেছে, এবং লক্ষ লক্ষ মানুষ এর উপর নির্ভরশীল।