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 …
In a normal year, one in which the country wasn’t dealing with the catastrophic public health and financial impacts of a global pandemic, tax season would already be winding down. We’re now a week past the normal April 15 federal tax filing deadline, which this year has been extended until May 17. This means there’s …
The IRS has decided to extend the tax filing deadline for residents of one state until the summer. Because of the devastating winter weather that pounded Texas recently and led to a disaster declaration from FEMA, Texans now have until this summer to file their 2020 taxes. The new tax filing deadline for Texas is …
$1,400 stimulus checks should start going out within the next few weeks, but the amount you receive will likely be based on your most recent tax return. There are a number of factors that determine how much the IRS deposits in your account, so if you will receive less money with your 2020 tax return, …
Donald Trump has famously resisted making his tax returns public for years. Trump’s disgraced former lawyer Michael Cohen thinks he knows why. In Cohen’s new book Disloyal, the former fixer-turned-witness against President Donald Trump says the tax returns would reveal that Trump likely isn’t as wealthy as he claims to be, for starters. Donald Trump’s disgraced …
Tax Day 2020 generally isn’t thought of as a happy day, but we’ve got some news that might help take the edge off. Now that you’re done filing your taxes and paying any money that you might owe the federal or state governments, it’s time to check out all the great freebies and discounts being …
