The IRS this month extended the tax-filing deadline to May 17 to allow for complications from COVID-19, but in Arizona the due date remains April 15 – for now. The Legislature is moving toward an extension, but final approval for that move may not come until next week, just days before state taxes would be
74% Disapprove of Government Tax Use During COVID-19 + States with Highest Tax Rates – WalletHub Reports
With Tax Day looming and 74% of people disapproving of how the government has used tax dollars during the COVID-19 pandemic, WalletHub today released its 2021 Taxpayer Survey, as well as its yearly report on the States with the Highest & Lowest Tax Rates in order to help people better understand this confusing time of year. 2021
IRS Free File – online tax preparation products available at no charge – launched today, giving taxpayers an early opportunity to claim credits like the Recovery Rebate Credit and other deductions, the Internal Revenue Service announced. Leading tax software providers make their online products available for free as part of a 19-year partnership with the
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 the IRS time to do additional programming and testing of IRS systems following the
The Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who received the first round of payments earlier this year. The initial direct deposit payments may begin arriving as early
Year-end reminder: Expanded tax benefits help individuals and businesses give to charity during 2020
The Internal Revenue Service explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year. The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes four temporary tax changes that are designed to help people and businesses who give to charity this year.