How the American Rescue Plan Will Affect Your 2021 Taxes
The American Rescue Plan was created to provide relief to millions of Americans. It provided stimulus payments, lower health insurance premiums and several tax law changes which will impact your return when you file next year. Here are some of the big...
Understanding the Refund Process
Once your tax return has been filed and accepted, it’s only a matter of time before you start wondering how long it’s going to take to get your money. According to the IRS website, most refunds are issued within 21 days of acceptance. However,...
What Happens if You Missed the Tax Deadline?
So, Tax Day came and went, and you still haven’t filed, huh? Well brace yourself because you may have some expensive repercussions heading your way. If you owe the IRS and missed the tax deadline, you’ll be penalized for failing to file and for not paying on time. ...
How to Claim Missing Stimulus Payments on Your 2020 Taxes
Still missing a stimulus payment? If so, stop waiting and act now. You’re going to need to file your 2020 tax return to get the money you’re owed. The sooner you file, the faster you’ll get paid. Here’s who qualifies and how to claim the missing funds. Who...
Amend Your Tax Return to Correct a Filing Mistake
Nobody likes to make mistakes, especially when it comes to taxes. But accidents happen. If you didn’t get your return right the first time, you can fix it using Form 1040-x, Amended U.S. Individual Income Tax Return. You must file an amended return within three...
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