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New $3,000 Child Tax Credit to Start Payments in July, IRS Says
Good news for American families: the IRS plans to begin sending payments from the new $3,000 child tax credit in July, Commissioner Charles Rettig said.
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Here's How Stimulus Checks Will Affect Your 2020 Taxes
With the May 17 tax deadline approaching, millions of Americans are filing returns for a year that saw them receive up to $1,800 worth of stimulus checks.
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Here's How the IRS Will Let You Know Why Your Stimulus Checks Was Less Than Expected
This year’s tax return provides an opportunity to claim any unpaid stimulus check money you think you are due. If you’re not eligible, the IRS may tell you why.
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Americans Have About a Month Left to File Their 2020 Tax Returns. What to Do Now
Most taxpayers have about one month left to file their 2020 tax returns amid a confusing tax season. Here’s what experts say to do now.
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The Latest Batch of $1,400 Stimulus Checks Are Sent. Social Security Beneficiaries Received Most of the Money
A new batch of stimulus checks is arriving. This time, Social Security retirement, survivor or disability beneficiaries received most of the money.
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The IRS Extended the Federal Tax Deadline. Here's When State Returns Are Due
Taxpayers in some states should be aware that state income taxes have different due dates than federal taxes.
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The IRS Can Adjust Any Stimulus Check Money You're Owed When You File Your 2020 Tax Return. Here's Why
This tax season you can claim a recovery rebate credit for missing stimulus check funds. Here’s how the IRS will sign off on how much you may receive.
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Dealing With Tax Debt? Here Are Some Tips to Set Things Right With the IRS
You may feel overwhelmed about the large tax debt you owe to the government, but the worst thing to do is ignore it. Here’s how to get tax debt paid off.
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How People Plan to Use Their 2020 Tax Refunds Varies Greatly by Income
Tax refunds can be the largest windfall Americans see all year. How people plan to use their 2020 refunds is very different, depending on their income.
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One-Third of Americans Don't Know Whether They'll Get a Tax Refund Or Owe the IRS This Year
The pandemic added extra complexity to this year’s tax season. Many Americans are now unsure whether they’ll get a refund or will owe the IRS money.
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Claiming Head of Household Status for Taxes Can Be Very Valuable. Who Can Use It
It’s no wonder people want to file taxes using head-of-household status, since it’s a great deal. But not everyone qualifies. Here’s how to check if you do.
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$10,200 Unemployment Tax Break: Here's When Married Couples Should File Separate Returns
There are some cases when married couples should consider filing a separate return to claim a new tax break on $10,200 of unemployment benefits.
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30 Million People May Receive $1,400 Stimulus Checks After Social Security Administration Provides Payment Information to IRS
The Social Security Administration has given the IRS payment information that may help clear the way for 30 million people to get their $1,400 stimulus checks.
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IRS Had a Backlog of Nearly 12 Million Paper Tax Returns by Christmas, Says Watchdog
Backlogs of paper tax returns ballooned due to the Covid pandemic, according to a report. An IRS official urged taxpayers to file an electronic return.
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Many Americans Have an Extra Month to File Taxes. Why They May Want to Stick to the Original Deadline
Even though the IRS extended the filing deadline to May 17 for individuals, many Americans may not want to hold off on submitting their 2020 forms.
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Some $1,400 Stimulus Checks Will Be Mailed Payments. It's Not Junk Mail, So Here's How to Make Sure You Don't Miss Them
If you’re still waiting for your $1,400 stimulus payment, make sure you watch your mail for a paper check or prepaid debit card.
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Many Americans Have an Extra Month to File Their 2020 Taxes. Don't Miss Out on These Savings
Many Americans have an extra month to file 2020 taxes to the IRS and receive a refund if they’re owed one. Make sure to check out these savings before filing.
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$10,200 Unemployment Tax Break: IRS Plans to Automatically Process Refunds
The IRS plans to automatically process refunds for people who paid taxes on unemployment income before the American Rescue Plan made a portion tax-free.
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The IRS Has Issued More Than 42.5 Million Refunds So Far This Tax Season
In addition to sending out $1,400 stimulus payments to most adults, the IRS has issued more than 42.5 million tax refunds averaging nearly $3,000 each.
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Calls to Extend the Tax-Filing Season Grow as April 15 Deadline Looms
As the April 15 tax-filing deadline approaches, calls from lawmakers and industry leaders to extend the season have grown.