Millions of Taxpayers to Receive IRS Letter about the Advance Child Tax Credit

Millions of Taxpayers to Receive IRS Letter about the Advance Child Tax Credit

Congress has passed a number of coronavirus relief packages throughout the pandemic. While the three rounds of Economic Impact Payments are the most famous provision of those legislative efforts, they were technically an advance on the new Recovery Rebate Credit.… Read more about Millions of Taxpayers to Receive IRS Letter about the Advance Child Tax Credit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Q2 Estimated Taxes Due June 15

Q2 Estimated Taxes Due June 15

It may seem that we just got through with the 2021 income tax season, but there’s already another tax deadline waiting in the wings.… Read more about Q2 Estimated Taxes Due June 15 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Refunding Tax Paid on Unemployment Compensation

IRS Refunding Tax Paid on Unemployment Compensation

Millions of Americans paid taxes on their unemployment compensation before learning that an exclusion was introduced by legislation a month into filing season. So, the Internal Revenue Service is now sending some of those taxpayers a refund to satisfy the new law.… Read more about IRS Refunding Tax Paid on Unemployment Compensation (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

American Rescue Plan Expands Credits for 2021

American Rescue Plan Expands Credits for 2021

By most measures, 2021 is shaping up to be much better than 2020. The coronavirus appears to be less of a threat, the economy is beginning a comeback, and the American Rescue Plan is expanding some tax credits for parents and others with children.… Read more about American Rescue Plan Expands Credits for 2021 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Expats, Others Abroad Face June 15 Filing Deadline

Expats, Others Abroad Face June 15 Filing Deadline

Uncle Sam is reminding its citizens who live and work outside its borders that their tax deadline is rapidly approaching.While the bulk of taxpayers had to get their tax returns filed by May 17 this… Read more about Expats, Others Abroad Face June 15 Filing Deadline (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…