While the payments in advance of tax season are a welcome relief for many families, there may be reasons for others to decline the money, for now.
The I.R.S. said tax filers who needed more time could have an extra month. The federal tax deadline has arrived.
The federal government and most states pushed back the date to May 17, but others have gone their own way. And if you make estimated tax payments, the deadline remains April 15.
Filers will have until May 17, according to lawmakers. The extra time is intended to ease the burden on Americans dealing with the economic upheaval caused by the pandemic.
“Each state has its own rules,” one tax expert says. So if you worked in a state other than your usual one in 2020, here are some tips on dealing with the tax season.
New rules, many of them temporary, give taxpayers breaks that can cut their tax bills or even generate extra refunds this year.
My relationship with him is the most positive one I’ve ever had with a man over money.
The government is allowing people who qualify for the earned-income tax credit to use income from either 2020 or 2019, whichever will result in a bigger credit.
With tax filing season about to begin, here’s what you need to know.
Some investors may have notched tens of thousands of dollars in profits. Depending on when they sell the stock, they may owe hefty capital gains taxes.
The agency will start accepting returns on Feb. 12, about two weeks later than usual. But you still have to file by April 15.
Payments must be sent by the government by Jan. 15, the I.R.S. said. If yours isn’t sent by then, you’ll have to claim it as a rebate on your 2020 taxes.
Abdel Soliman was serving a 41-month federal sentence when he used a smuggled cellphone to prepare tax returns for clients, diverting more than $470,000 in refunds, the authorities said.
“It’s just like April 15, but in July.” Here’s what you need to know. And if you’re owed a refund, be prepared to wait: The I.R.S. has a huge backlog.
Changing rules have led to taxpayer confusion. We asked accountants and other specialists to help sort it all out.