IRS tax refund status
Where is my tax refund? That's the question many ABC11 viewers are asking Troubleshooter Diane Wilson as they await their money.WASHINGTON -- IRS Commissioner Charles Rettig on Thursday said the millions of Americans whose tax returns have been caught in a processing backlog created by the pandemic, which shut down…
Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline
The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days. “This continues to…
The Third Stimulus Checks are Here
WASHINGTON – The Internal Revenue Service announced today that the third round of Economic Impact Payments will begin reaching Americans over the next week. Following approval of the American Rescue Plan Act, the first batch of payments will be sent by direct deposit, which some recipients will start receiving as…
What’s the Recovery Rebate Credit?
There's a new tax credit showing up on the Form 1040 this year: The Recovery Rebate Credit. If you didn't get a stimulus check – or you only got a partial check – then you certainly want to make sure you check out the credit before you file your 2020…
How Your Third Stimulus Check Will Differ From the First Two Payments
A third stimulus check can't arrive soon enough for people who are struggling financially. But even though we're oh so close to seeing that happen, we're not quite there yet. On Saturday, the Senate passed President Biden's American Rescue Plan, which authorizes a third round of stimulus checks. However, the House…
Will Your Stimulus Check Increase Your Tax on Social Security Benefits?
We've had two rounds of stimulus checks so far – and another round is right around the corner. It's nice getting unexpected money, and for some people it's a life saver. Whatever your situation, we hope you're able to put the money to good use. Third Stimulus Check Calculator But many seniors…
IRS Extends April 15 and Other Tax Deadlines for Texas and Oklahoma Residents
Victims of February's winter storms in Texas and Oklahoma can wait until June 15, 2021, to file their 2020 federal income tax return. This announcement from the IRS follows a disaster area declaration from the Federal Emergency Management Agency (FEMA) for those two states. Taxpayers in other states impacted by the storms…
