‘Trains, planes and packages:’ Multi-state drug trafficking investigation detailed in Orlando
U.S. Attorney for the Middle District of Florida Roger Handberg hosted special agents of the Drug Enforcement Administration and Internal Revenue Service in Orlando for a Thursday news conference to announce the takedown of members in a yearslong, California-sourced drug trafficking conspiracy.
EXPLAINER: What's the debate over releasing Trump's taxes?
Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trump’s tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman.
Feds launch website for claiming part 2 of child tax credit
The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last year’s pandemic relief bill claim the second half of the payment they were due.
Leak of billionaires' tax data draws GOP outcry over privacy
Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.
File your taxes yet? IRS says face masks and PPE are tax-deductible
ORLANDO, Fla. – The purchases of face masks and personal protective equipment to help prevent the spread of the coronavirus will be tax-deductible, according to the IRS. These items will fall under deductible medical expenses. The IRS said the purchases must be itemized. This has to be attached to your tax return, according to the IRS. The IRS has set up this questionnaire to help you determine if a purchase you have made is tax-deductible.
Haven’t received your stimulus payment yet? Here’s what to do
Some 90 million Americans woke up Wednesday to their third stimulus payments deposited in their bank accounts. [TRENDING: DeSantis: Contact tracing doesn’t work | How to track your stimulus payment | Fla. closer to ban for transgender female athletes]First, check the IRS’s Get My Payment tool. The IRS urges you to file your 2020 taxes to get the money. Other reasons you may not have received your payment or the full amount you expected? Once you do file taxes, the IRS says it will give you your owed money.
IRS to delay tax filing deadline to mid-May
The IRS plans to delay the tax filing deadline until May 17, according to an official. Along with @IRSnews, we’re announcing today that the federal income tax filing due date for the 2020 tax year will be automatically extended fromApril 15, 2021, to May 17, 2021. AdThe service is still processing millions 2020 tax returns. But keep in mind, even if the IRS gives you more time, state taxes in most cases are still due by April 15. If you’re filing in Hawaii, Delaware, Iowa, Virginia, Louisiana, or Maryland, you have more time for state taxes as well.
90 million stimulus checks totaling $242 billion have been disbursed
How to track your stimulus paymentThe first batch of stimulus payments has gone out. About 90 million payments have been disbursed so far. In all, about $242 billion has been paid. AdIndividuals earning under $75,000 and married couples making less than $150,000 get the full amount of $1,400 each. You can check the status of your payment by clicking or tapping here.
Will you get a coronavirus stimulus check and if so, when?
The American Rescue Plan Act of 2021, the third coronavirus relief bill since the pandemic hit a year ago, passed on Wednesday by a vote of 220 to 211. How do I know if I quality for the American Rescue Plan stimulus check? Will I get a $1,400 check? Third Stimulus Check Calculator - American Rescue PlanWho won’t get a $1,400 check? AdYou should automatically qualify to receive a third stimulus check, most notably if you received a first and second round of payments.
When the House will vote on $1.9T relief bill, $1,400 checks for most Americans
Scott Applewhite)A third coronavirus relief package passed in the U.S. Senate over the weekend and soon the House will vote on the $1.9 trillion bill which would provide another round of checks for most Americans. The House is set to vote on the coronavirus relief bill Wednesday morning. Under the Senate bill, the cash payment would phase out for singles with incomes above at $80,000 and for married couples, it stops at $160,000. Following that final step, the IRS would then began the process of sending out up to $2,800 checks to households who qualify under the new relief bill. In December, following former President Donald Trump’s signing of the second relief bill checks began arriving in bank accounts two days later.
IRS reports all $600 stimulus payments sent
This is how to get your missing stimulus moneyThe Internal Revenue Service says it has sent out all 147 million checks from the December stimulus package. The IRS was required to issue the $600 payments by mid-January so it could move on to processing this year’s tax returns. AdIn total, about $142 billion was sent out to help Americans. Congress is considering a third round of payments. Lawmakers hope to get that legislation passed by mid-March.