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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...
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...
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...
States with No Estate Taxes or Inheritance Taxes

States with No Estate Taxes or Inheritance Taxes

New Mexico Getty Images Overall Rating for Taxes on Retirees: Not tax-friendly. Sales Tax: 5.125% state levy. Localities can add as much as 4.313%, and the average combined rate is 7.83%, according to the Tax Foundation. New Mexico’s tax is a gross...