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Another unscheduled update. Several different tech articles that I have read, say that there has been an unprecedented increase in attacks on all of the major browsers. So which ever browser that you use, check regularly to make sure it's up to date. Chrome is up to date Version 96.0.4664.45 (Official Build) (64-bit

Good, hopefully it will end in 2021. I thought I'd read where it had been extended. "Don't kill the messenger" Most want that big refund.

The advance payments end in 2021, so unless congress decides otherwise there will be no advance in 2022. Reminds me of years ago when IRS offered advance EIC payments so the money could arrive monthly to help with bills instead of all at once at tax time. After a few years they discontinued that option because of lack of interest. Anybody remember that? An issue this year will be that people will be surprised when their refund is lower than usual because they already got some of the credit. For example, if they normally get a CTC of $4000 for two children, this year they are entitled to $6000 but already got $3k, so the credit on their tax return will be $3k instead of $4k. They might notice that. I am so not looking forward to the coming tax season!

While nothing seems like it sticks any longer, at present, what some are estimating as 8 million dollars has been grabbed back from employers by retroactively ending the Employee Retention Credit as of Oct 21. IRS has not yet posted any advice how this will be handled as far as timely deposits, and paying back any advanced amount. There is some push for undoing this action, but it seems like a good choice to consider Q4 ERC dead, and make deposits asap for any amount retained or advanced from Q4 ERC.

Correction, ERC, at present, ended Sep 30, 2021.