Understanding the Refund Process
Once your tax return has been filed and accepted, it’s only a matter of time before you start wondering how long it’s going to take to get your money. According to the IRS website, most refunds are issued within 21 days of acceptance. However,...
What Happens if You Missed the Tax Deadline?
So, Tax Day came and went, and you still haven’t filed, huh? Well brace yourself because you may have some expensive repercussions heading your way. If you owe the IRS and missed the tax deadline, you’ll be penalized for failing to file and for not paying on time. ...
Refunds for $10,200 Unemployment Tax Break Start in May
Normally when you receive unemployment compensation the full amount is considered taxable income, but the rules are different this year. The American Rescue Plan included a new unemployment compensation exclusion to give recipients a much-needed break on their 2020...
What to Know About Coronavirus Unemployment Benefits
The latest relief bill has expanded the unemployment benefits for millions of Americans who have been out of work since the pandemic began. Self-employed workers and independent contractors don’t qualify for traditional unemployment benefits, but they may be eligible...
How to Claim Missing Stimulus Payments on Your 2020 Taxes
Still missing a stimulus payment? If so, stop waiting and act now. You’re going to need to file your 2020 tax return to get the money you’re owed. The sooner you file, the faster you’ll get paid. Here’s who qualifies and how to claim the missing funds. Who...
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