Tax Time Guide: American Rescue Plan Changes Can Boost Refunds for Many Families; People Should File Even if They Haven’t for Years
WASHINGTON – The Internal Revenue Service today urged Americans to file a 2021 federal income tax return so they can take advantage of key tax benefits included in the American Rescue Plan and other recent legislation. Often, individuals and families can get these...
Taxpayers Who Aren’t Eligible for the Child Tax Credit Should Look Into the Credit for Other Dependents
The credit for other dependents is a tax credit available to taxpayers for each of their qualifying dependents who can’t be claimed for the child tax credit. The maximum credit amount is $500 for each dependent who meets certain conditions. These include: Dependents...
IRS Announces Dirty Dozen Tax Scams for 2021
Americans urged to watch out for tax scams during the pandemic WASHINGTON – The Internal Revenue Service today began its “Dirty Dozen” list for 2021 with a warning for taxpayers, tax professionals and financial institutions to be on the lookout for these 12 nefarious...
Get a Federal Tax Refund Faster With Direct Deposit
WASHINGTON — The Internal Revenue Service today reminds taxpayers that the fastest way to get their tax refund is by filing electronically and choosing direct deposit. Direct deposit is free, fast, simple, safe and secure. Taxpayers can even split their refund to have...
2021 Tax Filing Season Begins Feb. 12; IRS Outlines Steps to Speed Refunds During Pandemic
WASHINGTON ― The Internal Revenue Service announced that the nation’s tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. The Feb. 12 start date for individual tax return filers allows...
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