What is the tax return filing deadline in 2021?

2019 tax return filing threshold

Per IR-2021-59, the 2020 tax return deadline for individuals has been automatically extended from April 15, 2021 to May 17, 2021. This also extends the time to pay outstanding income taxes for the 2020 tax period to May 17, 2021. To extend the deadline from May 17 to October 15, 2021, taxpayers must file Form … Read more

Third Coronavirus Stimulus Check — What you need to know

irs free file program, stimulus check irs, stimulus check wrong amount

On March 11, 2021 the $1.9 trillion American Rescue Plan was signed into law. Among other things, the Plan provides for additional Economic Impact Payment (aka stimulus payments). 1 When will you receive the 3nd stimulus check?2 How much stimulus will you get?3 Who will qualify for stimulus check #3?4 Which tax return will the … Read more

IRS Publishes FAQ on the Recovery Rebate Credit

irs free file program, stimulus check irs, stimulus check wrong amount

From IRS.gov. Most individuals eligible for the Recovery Rebate Credit have already received the full amount in two rounds of payments, known as Economic Impact Payments. If we issued you the full amount of each Economic Impact Payment, you won’t need to claim the Recovery Rebate Credit or include any information related to it when … Read more

Second Coronavirus Stimulus Check — What you need to know

irs free file program, stimulus check irs, stimulus check wrong amount

Congress recently voted to authorize another round of stimulus checks due to the economic fallout from Covid-19. The second stimulus check will be up to $600 per adult and $600 for each child dependent. A child dependent is defined as a child that is 16 years old or younger. There is no cap on the … Read more

How do you renew an ITIN?

2019 tax return filing threshold

In order to renew an ITIN, you must complete a new Form W-7 and submit all required identification documents to the IRS. See the Form W-7 instructions for details. While you do not need to submit a tax return with your ITIN application, you should file a return if you have a filing requirement. Your … Read more

Today is Tax Day 2020!

2019 tax return filing threshold

While taxes are normally due April 15th, this year Congress extended the filing deadline to July 15th. Today, July 15th, is the deadline to file your 2019 Form 1040 tax return, unless you’ve filed an extension to October 15th. Here some tips for tax day and a little tax day history. 1 The April 15th … Read more

House Dems Introduce More Covid-19 Relief

file taxes for free

On June 25, 2020, Senate Finance Committee Ranking Member Ron Wyden, D-Ore, and Senator Maria Cantwell, D-Wash introduced legislation to expand affordable housing among admist the COVID-19 pandemic and economic crisis. The bill is known as the Emergency Affordable Housing Act Senator Wyden describes why this legislation is needed: “The lack of affordable housing was … Read more

The IRS Provides Guidance for Taxpayers Experiencing Delays

2019 tax return filing threshold

The IRS largely shut down in late March due to Covid-19. The shutdown has resulted in massive backlogs for the agency. IRS service centers are now open in Kentucky, Texas, and Utah earlier this month. Some Austin, Texas facilities were temporarily closed after an employee tested positive for Covid-19. While the IRS has begun processing … Read more