Tax Preparation

IRS urges taxpayers to get head start on 2020 tax preparations

There are a number of changes, so planning in advance can save time and stress

It’s still 2020 and there’s plenty of time before the next April 15 Tax Day, but the Internal Revenue Service (IRS) is encouraging taxpayers to take necess...

11/24/2020 By Gary Guthrie

IRS unveils revised COVID-19-related collection procedures

The agency says the changes it's made are ‘taxpayer-friendly’

The Internal Revenue Service (IRS) has announced changes that it says will offer relief to taxpayers impacted by COVID-19. The IRS said the changes sho...

11/03/2020 By Sarah D. Young

IRS sets tax inflation adjustments for 2021

The standard deduction will increase by $150 per person

The Internal Revenue Service (IRS) has released its 2021 inflation adjustments that affect more than 60 federal income tax provisions. They don’t affect wh...

10/27/2020 By Mark Huffman

IRS reminds consumers that tax filing extension deadline is quickly approaching

Taxpayers should file electronically and request direct deposit for refunds

Income tax filing has been a topsy turvy mess in the Year of COVID-19. But now that things seem to be settling into place, the Internal Revenue Service (IR...

10/08/2020 By Gary Guthrie

Trump administration’s payroll tax deferral plan takes effect starting today

Beware that employers can take applicable tax payments out of an employee’s paycheck down the road

A good news/bad news story for taxpayers from the Internal Revenue Service (IRS) came Tuesday, the first day of President Trump’s payroll tax deferral....

09/01/2020 By Gary Guthrie

IRS to send stimulus checks to 50,000 spouses that never received one

Taxpayers left out by the mistake should receive their checks by mid-September

There’s cause for celebration for some 50,000 Americans whose portion of the economic impact payments (EIP) -- aka the stimulus check -- was rerouted to pa...

08/26/2020 By Gary Guthrie

IRS reminds taxpayers that unemployment income is taxable

Consumers may want to pay some of those taxes now to avoid a bigger bill in 2021

Those $600 unemployment checks might have been a welcome relief to those whose jobs are impacted by the COVID-19 pandemic, but the Internal Revenue Service...

08/19/2020 By Gary Guthrie

IRS debunks myths about income tax refunds

The only real trick to a quicker refund is going the electronic route and checking the status online

Now that most of America has gotten their July 15 tax deadline out of the way, the Internal Revenue Service (IRS) wants to remind taxpayers that there is n...

07/17/2020 By Gary Guthrie

IRS offers last-minute advice with July 15 tax-filing deadline quickly approaching

The agency says filing electronically is the best way to go

With the new July 15 tax-filing deadline looming large, the Internal Revenue Service (IRS) wants Americans to know that they’re not being left out in the w...

07/10/2020 By Gary Guthrie

IRS moves filing deadline for storm victims in the South

There are some specifics, so make sure you read the fine print

The Internal Revenue Service (IRS) is extending the tax filing deadline to victims of the April storms and tornadoes.The extension applies to certain c...

06/23/2020 By Gary Guthrie

Unemployment benefits received during the pandemic are taxable

There are a couple of simple ways to stay ahead of the situation, and there's possible relief for those who can't

The hits keep on comin'! On Friday, the Bureau of Labor Statistics announced that the economy lost 20.5 million jobs in April, with the unemployment rate a...

05/08/2020 By Gary Guthrie

Here’s how stimulus checks will be handled when it comes to taxes

The IRS is helping consumers who have questions about the process

ConsumerAffairs has already covered exactly how much consumers can expect from the CARES ACT stimulus bill and when those checks should arrive, but there a...

03/30/2020 By Gary Guthrie

IRS provides update on all changes to tax returns due to the COVID-19 pandemic

There are lots of FAQs to peruse, but every taxpayer should take five minutes to catch up on what they need to do

Keeping up with what’s changing on Capitol Hill during the coronavirus pandemic has become our charge at ConsumerAffairs, particularly when it’s something...

03/25/2020 By Gary Guthrie

Federal officials move U.S. Tax Day deadline to July 15

States are still sorting out their due dates, so taxpayers need to stay on top of that

Taxpayers got an extra reprieve on Friday as U.S. Treasury Secretary Steven Mnuchin announced that Tax Day was officially moving from April 15 to July 15....

03/20/2020 By Gary Guthrie

Tax Preparation

Expanded tax benefits can help individuals who give to charity during 2020, IRS says

There are additional forms to fill out, but the upsides are good for itemizers and charitable donors

Latest in Finance News

Recent Articles

IRS urges taxpayers to get head start on 2020 tax preparations

There are a number of changes, so planning in advance can save time and stress

IRS sets tax inflation adjustments for 2021

The standard deduction will increase by $150 per person

IRS reminds consumers that tax filing extension deadline is quickly approaching

Taxpayers should file electronically and request direct deposit for refunds

Trump administration’s payroll tax deferral plan takes effect starting today

Beware that employers can take applicable tax payments out of an employee’s paycheck down the road

IRS to send stimulus checks to 50,000 spouses that never received one

Taxpayers left out by the mistake should receive their checks by mid-September

IRS reminds taxpayers that unemployment income is taxable

Consumers may want to pay some of those taxes now to avoid a bigger bill in 2021

IRS debunks myths about income tax refunds

The only real trick to a quicker refund is going the electronic route and checking the status online

IRS offers last-minute advice with July 15 tax-filing deadline quickly approaching

The agency says filing electronically is the best way to go

IRS moves filing deadline for storm victims in the South

There are some specifics, so make sure you read the fine print

Unemployment benefits received during the pandemic are taxable

There are a couple of simple ways to stay ahead of the situation, and there's possible relief for those who can't

Here’s how stimulus checks will be handled when it comes to taxes

The IRS is helping consumers who have questions about the process

IRS provides update on all changes to tax returns due to the COVID-19 pandemic

There are lots of FAQs to peruse, but every taxpayer should take five minutes to catch up on what they need to do

Federal officials move U.S. Tax Day deadline to July 15

States are still sorting out their due dates, so taxpayers need to stay on top of that

There are additional forms to fill out, but the upsides are good for itemizers and charitable donors

Latest in Finance News

Recent Articles

There are a number of changes, so planning in advance can save time and stress

The agency says the changes it's made are ‘taxpayer-friendly’

The standard deduction will increase by $150 per person

Taxpayers should file electronically and request direct deposit for refunds

Beware that employers can take applicable tax payments out of an employee’s paycheck down the road

Taxpayers left out by the mistake should receive their checks by mid-September

Consumers may want to pay some of those taxes now to avoid a bigger bill in 2021

The only real trick to a quicker refund is going the electronic route and checking the status online

The agency says filing electronically is the best way to go

There are some specifics, so make sure you read the fine print

There are a couple of simple ways to stay ahead of the situation, and there's possible relief for those who can't

The IRS is helping consumers who have questions about the process

There are lots of FAQs to peruse, but every taxpayer should take five minutes to catch up on what they need to do

States are still sorting out their due dates, so taxpayers need to stay on top of that

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