At this point, there’s not much time left to complete your federal income tax return and file it for tax year 2021. The deadline, in fact, is just a little over a week away. April 18 of this year is when everyone’s federal tax return is supposed to be received by the IRS. But even …
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 …
Tax season can be incredibly complicated for owners of cryptocurrencies like bitcoin. You need to figure out if you’ve been profitable or whether you’ve incurred losses so that you can file your taxes appropriately. Cryptocurrency exchange Coinbase wants to make the entire process a lot easier. After announcing features that would make cryptocurrency tax filing …
A fourth stimulus check, or a continuation of the monthly child tax credit checks, would certainly be nice to have, the deeper we get into 2022. Alas, President Biden and the Democrats have their hands full at this point with a number of other priorities. And they don’t seem to have the votes in support …
At some point in January, negotiations will resume in the Senate over President Biden’s stalled legislation that will, among other things, fund 12 more months of child tax credit stimulus checks. For now, though, 2022 is shaping up to be nothing like 2021 on the stimulus check front. This is not to say that there …
This week was already chock-a-block with stimulus check-related news, before the IRS went ahead and decided to add something more on top of it all. The tax agency on Tuesday announced that nearly 4 million IRS tax refunds are being sent out this week — adjustments, we should add, that are partly related to the …
One of the most consequential pieces of legislation passed by Congress in recent memory was the $1.9 trillion American Rescue Plan. This was the economic rescue package that President Biden signed into law back in March. And it funded a new wave of stimulus checks, for one thing, among a host of other benefits — …
The IRS is playing a massive game of catch-up at the moment, now that we’re more than a month beyond this year’s extended federal filing deadline of May 17 — the date that was chosen to give people more time to finalize their taxes as a result of ongoing complications related to the coronavirus pandemic. …
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 …
