• IRS plans to delay this year’s tax filing deadline to mid-May

    The Internal Revenue Service plans to delay this year’s tax filing deadline by roughly a month, to mid-May. Democratic Reps. Bill Pascrell of New Jersey and Richard Neal of Massachusetts, the chairman of the House Ways and Means Committee, said that the new deadline would be May 17. The IRS late Wednesday put out a statement confirming […]

  • The new stimulus plan could affect your 2020 taxes. Here’s how

    As welcome as the American Rescue Plan is for many people, the fact that it was signed into law in the middle of tax filing season raises a number of questions. That’s because some provisions may affect how you should prepare your 2020 tax return, including calculating the size of your refund. And nearly 56 million people have already filed […]

  • IRS: Tax Filing Season Starts February 12

    (CNN) — Thanks to the pandemic and the push to get stimulus payments out quickly, the 2021 federal tax filing season will start a little late this year. The IRS on Friday said it would begin accepting federal tax returns on February 12. Normally, tax filing season begins in the second half of January. Pushing it back a few […]

  • 2020 Tax Deadline Quickly Approaching

    This year’s federal income tax deadline was postponed to July 15 due to the coronavirus pandemic, and the Internal Revenue Service has made it clear that Tax Day won’t be pushed back again. Covid-19 has made for a rocky tax filing season. Since many IRS employees were working from home and local tax assistance offices were shut down, it […]

  • Second Round of Stimulus Checks could be in the Works

    A second round of stimulus payments is on the negotiating table in Washington, but some of the 160 million Americans who got money the first time could be left out. Instead, the Trump administration is pushing for a more limited approach. That’s more likely to garner Republican support in Congress, where lawmakers are expected to consider another economic spending […]

  • 12 Million Low-Income People Could Miss Out on Stimulus Payments

    There are about 12 million low-income people who are at risk of missing out on the federal government’s stimulus payment program because they don’t have to file taxes, according to an estimate from the Center on Budget and Policy Priorities. Most people have received the payment automatically, but many who aren’t normally required to file taxes must submit information to […]

  • Man Withdrawals Money and Gets $8.2 Million Receipt

    When Charles Calvin went to the ATM last Saturday, he was just going to take out some money for his rent. The New Chicago, Indiana, volunteer firefighter had received an alert on his phone that $1,700 had been direct deposited into his account as part of the federal stimulus package. The 45-year-old inserted his MetaBank […]

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