Here’s why you shouldn’t panic about your stimulus payment. Getty There’s lots of confusion—and unnecessary fear—surrounding the COVID-19 stimulus checks. Understandably so, since these “Recovery Rebates” have been made a part of the always confusing U.S. Tax Code. The stimulus checks, which are one-time payments from the government to help consumers weather the economic storm […]
Americans are struggling through tough times. Tens of millions of people are out of work and counting on getting money from whatever sources they can. Between expanded unemployment benefits, $1,200 stimulus checks, and other assistance programs, most people simply can’t afford to wait for cash that’s coming to them. Around this time each year, many […]
Got crypto losses? The IRS has updated some guidelines and procedures in response to the COVID-19 pandemic
According to programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae, many first-time buyers can purchase a home with as little as 3% down. Truth be told, a 20% down payment is not always required to buy a home, even though that’s a common misconception about homebuying. Veterans Affairs Loans allow many veterans to purchase a home with 0% down. If you’re a first-time buyer, […]
Federal tax payments will be deferred until July 15 without penalty. Getty Images For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. Normally, April 15 each year is a mad dash to file your taxes before the federal and state deadline, but this year is different. Because of the […]
The coronavirus pandemic has pushed back the deadline to file federal tax returns and pay your tax obligations by three months, to July 15, 2020. Haven’t yet filed your taxes? Here’s what you need to know about when you can expect your refund. Here’s When You Can Look Forward to Your 2020 Tax Refund The […]
NEW YORK (CBSNewYork) – Tax season is underway and the Better Business Bureau is warning that scammers may try to steal your refund by filing a return under your name. All crooks need is your social security number. Some scammers, claiming to be from the IRS, contact potential victims by email, phone or letter in […]
(WVNS)– Tax season is here and so are the scammers. The Better Business Bureau (BBB) warns Americans about a tax scam that could take your full tax refund check. According to the BBB article, when you file your taxes as normal you would expect a refund from the IRS. But instead some people have gotten […]
Tax season is officially here and many Americans are hoping to get their refund as soon as possible. So how long do taxpayers typically have to wait for their refund check after filing? Most refunds will be issued in less than 21 days, as long as the return doesn’t require further review, according to the […]
As much as people relish getting a tax refund, many others just dread seeing that money disappear to cover a host of delinquent bills — such as old income tax bills. “If you owe the IRS money, they’re obviously not going to issue you a refund without offsetting that first,” said Greg Rosica, tax partner at […]