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COVID Tax Tip 2020-43, April 21, 2020 The IRS is sending Economic Impact Payments to eligible individuals. Many taxpayers may be wondering how to get their payment as soon as possible. Most of them don’t have to do anything. Most payments will be sent automatically. Taxpayers who have filed their 2019 tax return and requested direct deposit …
Most Economic Impact Payments are being sent automatically Read More »
COVID Tax Tip 2020-42, April 16, 2020 Taxpayers should be on the lookout for IRS impersonation calls, texts and email phishing attempts about the coronavirus or COVID-19 Economic Impact Payments. These scams can lead to tax-related fraud and identity theft. Here’s what taxpayers should know: The IRS will not call, email or text you to …
Taxpayers should be aware of Coronavirus-related scams Read More »
COVID Tax Tip 2020-41, April 15, 2020 Many people are receiving Economic Impacts Payments to help with the effects of the Coronavirus (COVID-19) pandemic. Among people getting payments for $1,200 are those who receive Social Security retirement, disability (SSDI), or survivor benefits and Railroad Retirement benefits. This includes those who don’t normally file a tax return and are not …
COVID Tax Tip 2020-40, April 14, 2020 Employed full or part time? Unemployed? A temporary or gig worker? Retired or disabled? Receive public benefits? Have no income? Most U.S. residents – under certain income levels – will receive the Economic Impact Payment if they are not claimed as a dependent of another taxpayer and have …
Here’s how much individuals will get from the Economic Impact Payments Read More »
IRS Tax Tip 2020-37, March 17, 2020 IRS.gov provides helpful information for taxpayers and is a great place to start for tax questions. Many products and services are offered in several foreign languages. For access to information in any of the seven languages that the IRS currently translates information, taxpayers can click on the English …
IRS Tax Tip 2020-36, March 16, 2020 Taxpayers who filed their 2019 tax return and are waiting for their refund can check their refund status by going to IRS.gov and clicking on Get Your Refund Status to access the Where’s My Refund? tool. People can check the status of their tax return about 24 hours after the …
Taxpayers can check the status of their refund on IRS.gov or the IRS2Go App Read More »
IRS Tax Tip 2020-33, March 10, 2020 Taxpayers who adopted or started the adoption process during 2019 should review the rules around the adoption credit. While the amount of the credit increases for qualified taxpayers, the rules remain the same. Here are some facts to help people understand the credit and if they can claim …
Parents who adopt can benefit from this valuable tax credit Read More »
IRS Tax Tip 2020-29, March 3, 2020 Members of the military and veterans often have unique federal tax situations. The IRS has several resources designed to help meet their specific needs. Current and former military personnel and their families should first visit IRS.gov. They will find information on many of topics that affect them. Resources …
Members of the military and veterans can visit IRS.gov for tax help Read More »
IRS Tax Tip 2020-28, March 2, 2020 Taxpayers may be able to claim the child tax credit if they have a qualifying child under the age of 17. Part of this credit can be refundable, so it may give a taxpayer a refund even if they don’t owe any tax. The taxpayer’s qualifying child must have a …
IRS Tax Tip 2020-22, February 20, 2020 Millions of Americans use IRS Free File to file their federal taxes every year. They can use either name-brand software or the Free File Fillable Forms. Combining IRS Free File with direct deposit is the quickest and safest way to get a tax refund. Here are some facts to remember …
Many taxpayers can use IRS Free File to file their taxes at no cost Read More »