President Joe Biden’s Internal Revenue Service (IRS) gave a huge number of prison inmates at least $1.3 billion in COVID-19 stimulus checks, the Washington Free Beacon reported. There are more than 1.1 million incarcerated individuals who took in the stimulus money, according to IRS data prov...
I had just been hearing some rumblings in one of my professional associations — someone had said, “seems inevitable that anyone who filed an ERC claim after September 2023 will need to file a lawsuit to get the claim paid,” and went on to suggest that it would be a great opportunity ...
TurboTax online guarantees TurboTax security and fraud protection Tax forms included with TurboTax TurboTax en español TurboTax Live en español Self-employed tax center Tax law and stimulus updates Tax Refund Advance Unemployment benefits and taxes ...
There are other no-double dip rules too. You can’t getbotha small business loan under thePPPand alsoclaim CARES Act tax credits to keep employees.Which is better? It’s one of those annoying ‘it depends,’ so run the numbers. Finally, it now appears thatCongress could reverse IRS deni...
Most taxpayers received an economic stimulus check in 2008 and were not eligible for a tax credit on their 2008 return (filed in 2009), according to the Internal Revenue Service. However, if you did not get a stimulus check in 2008, you might have been e
If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted ...
“Due to tax law changes such as the elimination of the Advance Child Tax Credit and no Recovery Rebate Credit this year to claim pandemic-related stimulus payments, many taxpayers may find their refunds somewhat lower this year,” the IRS said in a news release on Monday. ...
Taxpayers should also be aware that above-the-line charitable deductions, which were $300 per single taxpayer or $600 per joint return, have not been extended in 2022. Tax filers will have to itemize to claim those deductions this year. ...
This has been an abysmal process. To start off, the IRS still has not provided me with my 3rd stimulus check and my taxes were filed and accepted on April 14, 2021. Status is still in processing. This is ridiculous. When the government wants their money, they go after you, but when ...
If you share custody, only one of you can claim a child as a dependent. So It’s either you or your ex-spouse. I expect this to be an area of contention like the dependent stimulus checks. So just make sure you file early and have your latest tax return with the IR...