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COVID Tax Tip 2021-13, February 4, 2021 Most people with gross income of $12,400 or more must file a federal tax return. Some people with a lower income are not required to file. However, these individuals should still consider filing for a refund of federal income tax withheld. They may also be eligible for certain …
IRS Tax Tip 2021-12, February 3, 2021 As taxpayers prepare for the start of the 2021 filing season, the best way to get a refund is to combine electronic filing with direct deposit. It’s fast, secure and easy. IRS Direct Deposit: Is fast. The quickest way for people to get their refund is to electronically file and use direct deposit. Visit …
People can get their federal tax refund faster with direct deposit Read More »
IRS Tax Tip 2021-11, February 2, 2021 The IRS has a new online option to help tax professionals remotely get signatures from individual and business clients on authorization forms and submit those forms electronically. This new option is part of the IRS’ continued efforts to expand digital options for tax pros using electronic signatures. It …
IRS offers contact-free signature options for authorization forms Read More »
IRS Tax Tip 2021-10, February 1, 2021 As taxpayers get ready to file their federal tax returns, most will also be thinking about preparing their state taxes. There’s some good news for filers wanting to save money. Eligible taxpayers can file their federal and, in many cases, their state taxes at no cost. Taxpayers whose …
Many taxpayers can file their state and federal tax returns for free Read More »
COVID Tax Tip 2020-09, January 28, 2021 The IRS will begin accepting and processing 2020 tax year returns on Friday, February 12, 2021. People who are ready to file can begin filing their tax returns with tax prep software, including IRS Free File. Software providers are accepting completed tax returns now, and holding them until the IRS begins …
IRS Tax Tip 2021-08, January 27, 2021 The IRS has a variety of resources to help members of the military, veterans and their families navigate the unique and sometimes complex circumstances that come with filing taxes while in the military. Here’s a list of some of the resources these taxpayers may find helpful. Tax Information …
Tax resources for military members, veterans and their families Read More »
IRS Tax Tip 2021-07, January 26, 2021 The IRS has expanded the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identity. The Identity Protection PIN is a six-digit code known only to the taxpayer and to the IRS. It helps prevent identity thieves from filing fraudulent tax returns using a taxpayers’ …
All taxpayers are now eligible for identity protection PINs Read More »
IRS Tax Tip 2021-06, January 25, 2021 The earned income tax credit can give qualifying workers with low-to-moderate income a substantial financial boost. In 2019, the average amount of this credit was $2,476. It not only reduces the amount of tax someone owes but may give them a refund even if they don’t owe any taxes or …
What taxpayers need to know to claim the earned income tax credit Read More »
Tax Tip 2021-05, January 21, 2021 All taxpayers have fundamental rights when they’re interacting with the IRS. These rights apply all year long, not just during tax season. The Taxpayer Bill of Rights presents these rights in 10 categories. Here’s an overview of these rights and links to details about each one: The right to be informedTaxpayers …
Tax time is seasonal, but the Taxpayer Bill of Rights applies all year Read More »
IRS Tax Tip 2021-04, January 20, 2021 A new year means a fresh start. One way people can get the new tax year off to a good start is by checking their federal income tax withholding. They can do this using the Tax Withholding Estimator on IRS.gov. This online tool helps employees avoid having too much or …
Taxpayers can start the new tax year off right by checking their withholding Read More »