Valuable tax benefits for members of the military March 28, 2022 / 295 / 0 Members of the military may qualify for tax benefits not available to civilians. For example, they don’t have to pay taxes on some...
Reasons why some tax refunds filed electronically take longer than 21 days March 28, 2022 / 294 / 0 WASHINGTON – Even though the Internal Revenue Service issues most refunds in less than 21 days for taxpayers who filed electronically and chose...
IRS reminder to many retirees: April 1 is last day to start taking money out of IRAs and 401(k)s March 28, 2022 / 292 / 0 WASHINGTON — The Internal Revenue Service today reminded retirees who turned 72 during the last half of 2021 that, in most cases, Friday,...
Two tax credits that can help cover the cost of higher education March 14, 2022 / 308 / 0 Higher education is important to many people and it’s often expensive. Whether it’s specialized job training or an advanced degree, there are a...
Understanding the child and dependent care credit March 8, 2022 / 404 / 0 Taxpayers who are paying someone to take care of their children or another member of household while they work, may qualify for child...
Check the status of a refund in just a few clicks using the Where’s My Refund tool February 22, 2022 / 419 / 0 Tracking the status of a tax refund is easy with the Where’s My Refund? tool. It’s available anytime on IRS.gov or through the...
IRS reminds taxpayers their Social Security benefits may be taxable February 22, 2022 / 367 / 0 A new tax season has arrived. The IRS reminds taxpayers receiving Social Security benefits that they may have to pay federal income tax...
IRS OPENS THE 2022 TAX FILING SEASON January 20, 2022 / 367 / 0 The IRS will begin to accept electronically filed individual income tax returns for 2021 beginning on January 24, 2022. This year, your Form...
IRS ADVANCE CHILD TAX CREDIT PAYMENTS January 20, 2022 / 423 / 0 If you have received advances of your 2021 child tax credit, you will have to reconcile the amount you received to the amount...
Changes to the Premium Tax Credit with the American Rescue Plan December 20, 2021 / 407 / 0 Anyone who gets their Health Insurance through the government Healthcare Exchange may want to take note of some changes for 2021 and 2022:...