Whether taxpayers regularly use a tax professional to help them file a tax return or they have decided to work with one for the first time, it is important to choose a tax return preparer wisely. Taxpayers are responsible for […]
Here are reasons taxpayers should file a 2020 federal tax return – and why e-file is best
Most people with gross income of $12,400 or more must file a federal tax return. Some people with a lower income are not required to file. However, these individuals should still consider filing for a refund of federal income tax […]
People can get their federal tax refund faster with direct deposit
As taxpayers prepare for the start of the 2021 filing season, the best way to get a refund is to combine electronic filing with direct deposit. It’s fast, secure and easy. IRS Direct Deposit: Is fast. The quickest way for people […]
EITC Awareness Day: Critical tax credit provides a significant refund boost to millions
IRS YouTube Videos:Earned Income Tax Credit – Get it Right – English | Spanish | ASL WASHINGTON – The Internal Revenue Service and partners across the nation remind taxpayers about the Earned Income Tax Credit today on “EITC Awareness Day” […]
Important reminders before filing 2020 tax returns
WASHINGTON — Following an unpredictable year with many changes and challenges, the Internal Revenue Service today shared important reminders for taxpayers who are about to file their 2020 federal tax returns. Choose direct depositThe safest, most accurate and fastest way […]
What taxpayers need to know to claim the earned income tax credit
The earned income tax credit can give qualifying workers with low-to-moderate income a substantial financial boost. In 2019, the average amount of this credit was $2,476. It not only reduces the amount of tax someone owes but may give them […]
Tax time is seasonal, but the Taxpayer Bill of Rights applies all year
All taxpayers have fundamental rights when they’re interacting with the IRS. These rights apply all year long, not just during tax season. The Taxpayer Bill of Rights presents these rights in 10 categories. Here’s an overview of these rights and […]
Taxpayers can start the new tax year off right by checking their withholding
A new year means a fresh start. One way people can get the new tax year off to a good start is by checking their federal income tax withholding. They can do this using the Tax Withholding Estimator on IRS.gov. […]
2021 tax filing season begins Feb. 12; IRS outlines steps to speed refunds during pandemic
WASHINGTON ― The Internal Revenue Service announced that the nation’s tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. The Feb. 12 start date for individual tax […]
IRS reminds taxpayers to make final estimated tax payment for 2020
WASHINGTON − Taxpayers who paid too little tax during 2020 can still avoid a tax-time bill and possible penalties by making a quarterly estimated tax payment now, directly to the Internal Revenue Service. The deadline for making a payment for […]