IRS Update July 2021

More than 2.2 million additional Economic Impact Payments disbursed under the American Rescue Plan WASHINGTON � The Internal Revenue Service, U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced today they have disbursed more than 2.2...

IRS Update June 2021

IRS sending letters to more than 36 million families who may qualify for monthly Child Tax Credits; payments start July 15 WASHINGTON � The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed...

IRS Update May 2021

As hurricane season nears, IRS reminds people to prepare for natural disasters WASHINGTON �The Internal Revenue Service reminds everyone that May includes National Hurricane Preparedness Week and is also National Wildfire Awareness Month. Now is a good time to create...

IRS Update April 2021

IRS extends additional tax deadlines to May 17 Following the extension of the filing and payment deadline for individuals to May 17, 2021,�the IRS announced other tax deadline extensions to the same date. Here�s what�s affected: Contributions to IRAs and health...

IRS Update March 2021

Tax Time Guide: Get credit for IRA contributions made by April 15 on 2020 tax returns WASHINGTON � The Internal Revenue Service notes that taxpayers of all ages may be able to claim a deduction on their 2020 tax return for contributions to their Individual Retirement...

IRS Update February 2021

Educators can now deduct out-of-pocket expenses for COVID-19 protective items WASHINGTON � Eligible educators can deduct unreimbursed expenses for COVID-19 protective items to stop the spread of COVID-19 in the classroom. COVID-19 protective items include, but are not...