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...
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...
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....
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)...
IRS mails 260,000 failure-to-file notices, but admits many likely are wrong
What’s worse than getting an Internal Revenue Service notice? Getting a wrong IRS notice. That just happened to potentially more than a quarter million taxpayers. The IRS last week acknowledged that it sent approximately 260,000 taxpayers notices that they had...Lorem Ipsum is simply dummy text of the printing and typesetting industry. dummy text of the printing Ltting industry.
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