President Biden’s Tax Plans for the Next Few Years
With control of both the House and Senate in Democratic hands, President Biden will be able to get more of his tax agenda through Congress. Here's what could happen in the next four years. by: Andre Falls January 25, 2021 President Joe Biden's tax plans were laid out for all to…
When Can You File Your Taxes This Year?
If you're an early bird when it comes to filing your tax return, you'll have to wait a little longer this year before the IRS will accept your return. The sooner you file your tax return, the sooner you'll receive any refund due. But this year you'll have to wait…
$1,400 per person, is in Biden’s COVID relief plan
Soon after Joseph R. Biden trades in his former Vice President honorific for President on Jan. 20, the now-Democratic led Congress will take up the 46th Commander in Chief's COVID-19 relief plan. Millions of Americans, even those who didn't vote for Biden and VP-Elect Kamala Harris, are hoping it passes…
Tax statements you need to file your 2020 return
This is just one of the documents that millions of taxpayers are awaiting so they can file their returns. In addition to tax-related home transactions, the various documents that are or soon will be on their way include documents detailing income, be it from wages, contract work or retirement accounts;…
Ways the Biden Stimulus Package puts Money in Your Pocket
For Americans struggling financially because of the COVID-19 pandemic, President-elect Joe Biden's economic stimulus package would provide welcome relief. On Thursday, Biden released details on his "American Rescue Plan," which is a $1.9 trillion plan designed to "rescue the American economy and start beating the virus." (Next month he'll release his…
Third Stimulus Check Update: Biden Calls for $1,400 Payments as Part of $1.9 Trillion Relief Package
Under Biden's plan for a third stimulus check, the $600 second-round stimulus checks would be increased to $2,000. January 14, 2021 A third stimulus check of $1,400 – that's what President-elect Joe Biden is calling for in his $1.9 economic stimulus plan. This, when combined with the $600 second-round payments…
Social Security Recipients Need to Know About Their Second Stimulus Check
Trying to track down answers to all your second stimulus check questions can make anyone's head spin. This is especially true for Social Security recipients, because there are several special rules that only apply to them. But don't worry — we've got you covered. We combed through the law and…
Reasons Why Your Second Stimulus Check Might Be Delayed
The IRS started delivering second-round payments in December. If you're still waiting for your money, here's why your second stimulus check could be late (or never arrive). Did you get your second stimulus check yet? If the answer is "no," then you might be waiting a while longer to get…
Revised tax deadlines
I'm feeling a bit like the Internal Revenue Service's appointments secretary, but this Friday, Jan. 15, is a date when many taxpayers need to take action. Yes, I'm talking about the fourth estimated tax payment due at the end of this week, but also about some final tax year 2019 housekeeping. Specifically,…
If you don’t get your COVID money by Jan. 15, you’ll have to claim it on your 2020 tax return
Have you received your $600 COVID-19 economic impact payment (EIP)? If not, then you're probably doing the same thing as Purcival Fairweather. You're checking, double checking and rechecking yet again your bank account to see if the coronavirus cash is finally there. But your obsessive bank badgering won't have to go…
