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10 Quick Tips for Your 2020 Taxes

10 Quick Tips for Your 2020 Taxes

Are dollars, documents and deductions on your mind this month? Even if you trust your tax preparation to a professional, here are some tips that are particularly relevant given the changes that have taken place over the past year. Perhaps some of them are pertinent to...

New Exclusion of up to $10,200 of Unemployment Compensation

New Exclusion of up to $10,200 of Unemployment Compensation

To help taxpayers, the Internal Revenue Service announced today that it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue...

IRS tax refund status

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...

The Third Stimulus Checks are Here

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,...

What’s the Recovery Rebate Credit?

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 tax return. How...

 

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