New Jersey congressman Josh Gottheimer held a press conference on Monday that might have dismayed any of you hoping to get your IRS tax refund soon. The big takeaway: Don’t be surprised if your refund is late this time around. In fact, really late. “Since the start of the pandemic alone, we’ve helped claw back …
It’s that time of year again. Social media is flooded with memes and funny posts from people religiously checking their bank account to see when their tax refund finally shows up. And results in either a funny post about how they feel as wealthy as a royal now. Or they seethe in anger, either because …
The Biden White House marked Tuesday, February 8, as a “day of action” to remind Americans to sign up for two huge tax credits when preparing their federal tax return this year. One is the expanded child tax credit, with the second half of that coming via this year’s tax return. The other? The Earned …
Twenty-one days. That’s generally how long you’ll need to wait if you’ve filed your federal income tax return for tax year 2021 and are now asking, “Where’s my refund?” “Generally,” though, is the all-important caveat here. All things being equal, that’s roughly how long it should take, according to the tax agency — from the …
Because of the coronavirus pandemic, billions of dollars are continuing to flow forth from the federal spigot and into the bank accounts and mailboxes of people around the US. As an example, new stimulus checks are coming soon for millions of Americans — in the form of monthly child tax credit payments. Stimulus checks for …
New stimulus checks were among the signature elements of the March legislation President Biden signed, a $1.9 trillion bill known unofficially as the “American Rescue Plan.” But as we’ve stressed across multiple posts, there’s so much more included in this consequential law that will affect the lives of millions of people. Not just more stimulus …
If you filed your 2020 federal tax return before March 11, listen up — the IRS just issued some of the best news that it’s possible to receive from the tax agency. Namely, that millions of Americans are about to get an unexpected IRS refund. Here’s why: Unemployment insurance benefits that taxpayers receive when they …
At the moment, there are no doubt millions of taxpayers racing to get their 2020 federal tax returns finished up and either mailed off or electronically filed in advance of Monday’s imminent filing deadline. The normal April deadline was pushed forward this year to May 17, as a result of the continued extraordinary circumstances surrounding …
