Tax Blog

The Internal Revenue Service has issued a new set of frequently asked questions (FAQs) covering the unemployment compensation exclusion for the 2020 tax year.… Read more about IRS Updates FAQs on 2020 Unemployment Compensation Exclusion (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service has posted a new flock of frequently asked questions (FAQs), all aimed at answering taxpayer questions about the 2021 Child Tax Credit.… Read more about IRS 2021 Filing Season FAQs Now Available (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The gates have been opened just a little bit wider so more taxpayers who don’t have children can take advantage of the Earned Income Tax Credit (EITC).… Read more about IRS Highlights Expansion of Childless EITC (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

We’ve only had one week of filing season, and scammers are already trying to make life miserable for everyone else. While this isn’t a shocking turn for anyone who has been paying attention to the evolution of identity theft tax refund fraud, it’s a problem that everyone needs to be aware of nonetheless.… Read more about Avoid Tax Season Phone Scams (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service says it has sent out all the third-round Economic Impact Payments (EIPs), but the agency is quick to add that taxpayers who missed out on the EIP still have one more chance to claim their money.… Read more about IRS Issues EIP3 Reminder (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Much attention has been given lately to the Child Tax Credit and its advance payments. But another credit is available if the taxpayer’s dependents aren’t their children.This credit is for other… Read more about IRS Explains Credit for Other Dependents (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…