Puerto Rico Treasury Announces Tax Credits for 2021 Individual Income Tax Return Due to Coronavirus

The Puerto Rican Department of Treasury Jan. 27 issued a press release announcing tax credits for the 2021 individual income tax return, due to the coronavirus pandemic. The press release includes: 1) the educational expense credit; 2) the economic impact credit of US$1,400; 3) the reimbursable credit on paid sick and family leave for taxpayers providing services on their own from April 1, 2020, to Dec. 31, 2020, and for self-employed taxpayers from Jan. 1, 2021, to March 31, 2021; 4) the work credit up to a maximum of US$6,500 for taxpayers aged more than 19 years, with a valid ...