Child Tax Credit Payments Start July 15 for Eligible Families
The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly …
The Provider Relief Fund (PRF) Reporting Deadline is Just Weeks Away! Are You Prepared?
The CARES Act, passed in March last year, included $175 billion in Provider Relief Funding (PRF). Lawmakers promised that these funds would be available to providers with no strings attached …
IRS Begins Correcting Tax Returns for Unemployment Compensation Income Exclusion
From irs.gov: The Internal Revenue Service will begin issuing refunds this week to eligible taxpayers who paid taxes on 2020 unemployment compensation that the recently-enacted American Rescue Plan later excluded …
Home and Community Based Service Providers: More Medicaid Funding Heading Your Way
CMS is issuing guidance on how states can receive enhanced funding, provided through the American Rescue Plan Act of 2021 (ARP), to increase access to home and community based services …
Coronavirus Tax Relief: Dependent Care Assistance Programs for 2021 & 2022
The IRS issued guidance on the taxability of dependent care assistance programs for 2021 and 2022, clarifying that amounts attributable to carryovers or an extended period for incurring claims generally …
Economic Impact Payments Continue to Make Their Way to Eligible Individuals
Today, the Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced they are disbursing more than 1.1 million payments in the eighth …
The Earned Income Tax Credit is Higher than Ever Before!
The earned income tax credit (EITC) has been around for years. But for some folks, it’s never been worth as much as it will be for 2021. That’s thanks to …
President Biden Extends the Suspension of Medicare Sequestration
On Wednesday, April 14, 2021, President Biden signed H.R. 1868 into law, which extends a suspension of Medicare sequestration (scheduled payment cuts of two percent for most providers). The payment …
Temporary Claims Hold Pending Congressional Action to Continue Suspension of Planned Medicare Pay Cuts
An important update from CMS’ MLN Connects: “In anticipation of possible Congressional action to extend the 2% sequester reduction suspension, we instructed the Medicare Administrative Contractors (MACs) to hold all …
The Senate Passes Bill to Delay Medicare Sequestration
Modern Healthcare reports that the Senate voted to delay Medicare payment cuts for the rest of the year. The bill is expected to quickly pass through the House and be …