10 Easy Things You Can Do to Get Ready for Tax Season Now
Getting ready for tax season doesn’t have to be overwhelming. Here are 10 easy steps to organize your records, avoid surprises, and make filing easier.
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Tax Season Opens on January 23—And Taxpayers Have More Time to File
The 2023 tax season will open on Monday, January 23, 2023. What does opening the season mean? It means that the IRS will officially begin accepting paper and electronic tax returns that day. Every year, taxpayers have questions about early filing. Many software companies and tax professionals will accept tax returns before opening day. That…
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Making Sense of the Child Tax Credit in 2022
Over the past year, the child tax credit has changed significantly. So what exactly do taxpayers need to know about the differences from last year to this year, and how will those changes affect them? What do people need to know about changes to the Child Tax Credit? On today’s episode of the Taxgirl podcast,…
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What Taxpayers Need to Know About Tax Prep
With tax season starting, many taxpayers are considering the best ways to file their returns and prepare their tax documents. But with so many methods and room for confusion, what should taxpayers know to keep the process running smoothly? What information should taxpayers know to prepare themselves for this tax season? On today’s episode of…
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IRS Announces 2021 Tax Filing Season Open Date
The IRS has announced that tax season will open on Friday, February 12, 2021. Yes, on a Friday. The IRS will begin accepting paper and electronic tax returns that day. This is about two weeks later than had been expected. The delay allows the IRS time to do additional programming and testing of IRS systems…
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IRS Opens Free File for 2021 Tax Season
Ready to file your 2020 tax return? The IRS hasn’t officially announced the start date for the new season, but its website says Free File is officially open. Free File is available to taxpayers whose adjusted gross income (AGI) was $72,000 or less in 2020. You can find your AGI on line 11 of Form 1040….
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IRS Says Tax Forms Will Be Ready for the 2021 Tax Season
The IRS says key tax forms are ready for the 2021 filing season, including changes for stimulus checks, tax credits, and cryptocurrency reporting.
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Taxes From A To Z 2020: E Is For Extended Due Dates
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office expenses during COVID, you won’t want to miss a single letter. E is for Extended Due Dates. We all know that the normal tax filing season deadline is April 15….
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IRS Extends Tax Deadlines, Including Estimated Payments & Refunds
Last month, the Internal Revenue Service (IRS) announced that the tax filing season had been pushed to July 15, 2020. A few days later, the IRS issued guidance, making official the announcement tweeted by Treasury Secretary Steven Mnuchin (and subsequently retweeted by the IRS) that the due date for filing tax returns and making tax payments has been…
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IRS Calls Tax Filing Season Open Successful
The Internal Revenue Service (IRS) has successfully opened the 2020 tax filing season. The IRS expects to process more than 150 million individual tax returns, with most coming before the April 15 tax deadline. The IRS expects the overwhelming majority of individuals – about 90% – to file their returns electronically. Filing electronically and choosing direct deposit remains the…
