Tax season is over but the frustration about filing isn't.
The tax deadline has passed but the frustration hasn't for many taxpayers who file for an extension, couldn't file electronically, never did reach anyone by phone to address their issues, or who are still waiting for their 2020 refunds from the IRS.washingtonpost.com
On Tax Day, an extension may be better than rushing a return
Tax Filing FILE - A W-4 form on Feb. 5, 2020, in New York. Monday is Tax Day, the federal deadline for individual tax filing and payments. For comparison, last year more than 169 million people completed an income tax return by the end of the year. The IRS has put out some information and helpful links for last-minute filers — stressing that "taxpayers should be careful to file a complete and accurate tax return. When asked whether CPAs will accept clients on Tax Day, Kahn said it's common for people to be turned away.wftv.com
Tax Day laggards: Consider filing for extension if in a rush
Tax Filing FILE - A W-4 form on Feb. 5, 2020, in New York. Monday is Tax Day, the federal deadline for individual tax filing and payments. Monday is Tax Day — the federal deadline for individual tax filing and payments — and the IRS will receive tens of millions of last-minute filings electronically and through paper forms. For comparison, last year more than 169 million people completed an income tax return by the end of the year. When asked whether CPAs will accept clients on Tax Day, Kahn said it's common for people to be turned away.wftv.com
House lawmakers launch investigation of face-scan contractor ID.me
The House probe marks an escalation of years of controversy over the government’s growing reliance on facial recognition, which boiled over earlier this year after the IRS said it would require Americans to scan their faces in order to access their IRS tax accounts.washingtonpost.com
When is your tax return due to the IRS? It’s not April 15 this year
When is your tax return due to the IRS? Tax Day is not on April 15 this year. (Larry Reynolds/Getty Images/iStockphoto)While April 15 is the date most of us know as Tax Day, this year the date to file either your tax return or an extension to file the return has changed. You must file your tax return early next week or file for an extension. If you file for an extension, you must file your tax return by Oct. 17.wftv.com
Does the IRS owe you money? Clock ticking to collect $1.5B in unclaimed 2018 refunds
We want to help people get these refunds, but they need to file a 2018 tax return before this critical deadline,” Rettig said. • $45,802 ($51,492 if married filing jointly) for people with two qualifying children. • $40,320 ($46,010 if married filing jointly) for those with one qualifying child. According to the IRS, the outstanding 2018 refunds are not entirely without caveats. For instance, a filer’s 2018 refund may be held if they have not filed tax returns for 2019 and 2020.wftv.com
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.