If you plan to request an extension, there are some things you should know. Sarah Tew/CNET Have you set aside some time to file your taxes before Tax Day? It’s May 17 — only four days away now — so if you think you’ll miss the deadline to file your tax return, it’s time to start thinking […]
BOSTON — More than 85,000 low- to moderate-income families would be eligible for a refundable child care tax credit under a state Senate plan unveiled Tuesday. A proposal tucked into a $47.6 billion budget rolled out by the Senate would convert income tax deductions for children under 12, dependent adults and business-related dependent care expenses into […]
Chances are, you’ve gotten your third stimulus check by now, but you may still be waiting on that other chunk of change the IRS owes you: your tax refund. The IRS is sitting on a backlog of 29 million returns that require manual processing, which basically means that a human needs to review it. To […]
Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Getty Finding out that you’re getting a tax refund is really exciting. It’s the biggest windfall that many people get all year, after all. So far this tax season, the […]
The IRS is falling behind in processing millions of income tax returns, potentially delaying refunds for many Americans. According to the Taxpayer Advocate Service, an independent arm of the IRS focused on tax filers’ rights, the agency is holding almost 31 million returns for manual processing just ahead of the May 17 tax filing deadline. […]
Peter Dunn, Special to USA TODAY Published 12:18 p.m. ET May 8, 2021 CLOSE Biden stimulus package details revealed: American Families Plan includes free childcare, community college, and possible hike of capital gains tax. USA TODAY Dear Pete, I can’t believe it, but we more or less survived the last 12 months without too much […]
Find out here how to track the tax money you’re owed from the IRS. Sarah Tew/CNET May 17 is Tax Day, and that’s just a little more than a week away. If you haven’t completed your 2020 taxes yet, you’ll need to either file your tax return or request an extension from the IRS before the deadline. If […]
The IRS has tools for you to keep tabs on the status of your income tax refund. Sarah Tew/CNET Tax Day is soon — less than two weeks away — on May 17. If you’ve already filed your tax return and have not received your refund, you’re probably wondering where your money is. (If you’ve not […]
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. So, you’ve figured out your deductions or credits, calculated how much you owed in taxes, and successfully filed your return (for free, hopefully). If you’re sitting around wondering where your money is, you’re […]
article Income tax refunds normally can be garnished for unpaid federal student loan debt. But this year, the rules are different. (iStock) The coronavirus pandemic has left many individuals unable to repay their federal student loans. Fortunately, the federal government temporarily shielded loan borrowers from the consequences of unpaid debt. The Biden Administration has taken steps […]