About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.
Congratulations if you filed your 2020 tax return by the May 17 deadline. But you may still have questions. We’re often asked about refund status, record retention and amended tax returns. Here are some answers.
The IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, it’s a good time to review the amount of the penalties.
If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual.
Filing your tax return early will get you any refund early and may protect you from tax identity theft. Here’s why.
Can you benefit from the massive new Consolidated Appropriation Act signed into law? Here are some of the tax highlights for individuals.