Announcements

The standard mileage rate for all business use of an automobile is 56 cents per mile for 2021.

The itemized deduction of state and real estate taxes are still limited to $10,000 ( $5,000 if married filing separately ) for 2021.

The contribution limit for traditional and Roth IRA is $6,000 for 2020 and 2021, with a catch-up limit of $1,000 for individuals age 50 and over.

Economic impact payments could be claimed on your 2020 federal income tax return if you didn't receive it.

SNA Accounting

Important Due Dates

  • 02.12.21 - 1st day to E-File tax returns
  • 03.15.21 - Due date for business tax returns and extensions
  • 04.15.21 - Due date for individual tax returns and extensions
  • 04.15.21 - 1st Quarter estimated tax payments for 2021 are due
  • 02.01.21 - Annual 1099 series returns are due if paper filing

Don't forget to note your end of the year auto miles