SERVING THE SUNSHINE STATE SINCE AUGUST 2004 No. 198 • 16 pages A Publication for Indian Americans in Florida FEBRUARY 2021 www.khaasbaat.com •
[email protected] • 813-758-1786 ACCOUNTING – WHAT’S IN THE CONSOLIDATED Inside: APPROPRIATIONS ACT, 2021 (THE CAA, 2021) TAX RELIEF? By SANJAY GUPTA, CPA, FCA Youth We hope that you are keeping yourself, your loved ones, and your community YoungArts Finalist safe from COVID-19. The Consolidated Appropriations Act, 2021 (the CAA, 2021), signed into law on Dec. 27, is a further legislative response to the 2 coronavirus (COVID-19) pandemic. The CAA, 2021, contain numerous provision related to individual and business income tax. Florida News PART A – TAX PROVISIONS BENEFITTING INDIVIDUALS Naresh Kalra elected NEW RECOVERY REBATE/ECONOMIC IMPACT PAYMENT The Act provides for a refundable recovery rebate credit for 2020 that will paid 3 in advance to eligible individuals, often automatically, early in 2021. Continued on page 7 Eye Care Macular degeneration 7 Bridge to NEW SHOW TO WATCH: College “The Family Man: Season 2” Changes to SAT? 10 (Amazon Prime, releases Feb. 12) The story of a seemingly simple middle-class man, Srikant Tiwari (Manoj Bajpayee), secretly working as Classifieds an intelligence officer for the National Investigation Help wanted Agency, was an instant hit with the streaming episode left off. We may also find out that Karim, one audiences. In the midst of balancing home life with of the suspects whom Srikant had killed, may have 13 a wife and two children, Srikant is investigating a been innocent. And there is a new character played possible terror attack termed as Mission Zulfiqar.