Posts Tagged
‘IRS’

The IRS has started issuing refunds to 430,000 more taxpayers who received unemployment compensations last year, the federal agency announced Monday. It’s the latest batch of corrected refunds for millions of people who paid taxes on the benefits, which were excluded from income last year under the American Rescue Plan, according to an IRS news […]

This may come as a shock to you, but you actually don’t want a refund from Uncle Sam. Adobe Stock Tax season is long over (thank god), and that means that if you were supposed to get a tax refund, you should have already received it. A check from Uncle Sam may have been something […]

Usually, it takes two weeks to see your tax refund show up in your account, but this year it could take two months!  Why in the world is it taking so long? I’ve read that federal returns go through fraud-detection reviews and accuracy checks, and if there are issues, they may ask you to verify your […]

CAMP HILL, Pa. (WHTM) — Millions of people are still waiting for their tax refund and the frustration is mounting. We looked into why this is happening and what you should do about it. The IRS admits it is majorly behind on millions of both paper and electronic returns. “I can tell you that since […]

CLEVELAND — Claudia Longo is not a procrastinator. She said every year, she files her taxes early. This year she filed in February. “We usually are pretty early filing. I don’t like waiting until the last minute,” said Longo. “It’s usually super fast and the money is in the bank.” But this year, of course, […]

A U.S. Treasury check and a tax document are seen in a file photo. (iStock/Getty Images Plus) The IRS has started to distribute another round of refunds to some taxpayers who received unemployment benefits last year, the agency announced Wednesday Approximately 1.5 million taxpayers will receive refunds averaging $1,686 as part of adjustments made to […]

(CBS Baltimore) — The Internal Revenue Service (IRS) has had a lot on its plate during the recent tax season. In addition to processing 136 million tax returns, according to a report from National Taxpayer Advocate Erin Collins, it sent out a round of stimulus checks, updated rules for unemployment insurance, and prepared to launch […]

Here’s What You Need to Remember: TurboTax also recommended, “loss harvesting,” where you sell investments such as stocks and mutual funds to realize losses. You can then use those losses to offset any taxable gains you have realized during the year. Time is running out to file your 2020 federal tax return. This year, the deadline […]