Tax Tips Blog

New Unemployment Benefits: Who Qualifies and When Payments Start

When the extended programs included in the CARES Act came to an end millions of Americans lost their unemployment benefits. Fortunately, Congress has passed a new relief package that, in addition to introducing second stimulus checks and money for vaccine distribution, further extends unemployment benefits to out-of-work Americans. And not a moment too soon. While unemployment benefits

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What to Do if You Haven’t Received Your Second Stimulus Check Yet

After much political back and forth—and about nine months after the first checks started going out—the second round of stimulus checks is finally hitting Americans’ bank accounts. Many people have tweeted that they’ve already received the second payment, but there are also lots of people concerned about why they haven’t. This time, the checks are

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2020 YEAR END TAX TIPS

Don’t let the holidays distract you from last-minute opportunities to reduce your 2020 tax bill. Some tactics are only in play for 2020, thanks to the federal CARES Act, so this is the only chance you’ll have to capitalize on them. Here are a few tips for your 2020 year end:   Give generously In

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More on Working from Home –  What Remote Workers Need to Know Before Filing for 2020

So you’ve been working from home this year as a result of the pandemic. Maybe your office went entirely remote and you’ve been having daily Zoom meetings with coworkers and clients. Or perhaps you were laid off and are now doing freelance or contract work from the comfort of your own home. With tax season

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IRS Taxpayer Relief Initiative

The IRS reviewed its collection activities to see how it could provide relief for taxpayers who owe taxes but are struggling financially because of the pandemic. The agency is expanding taxpayer options for making payments and other ways to resolve tax debt. Taxpayers who owe taxes always had options to get help through payment plans

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Watch out for Tax Scams in 2020

Most of us find it nerve-wracking enough that we’re forced to focus on gathering our piles of paperwork to fill out our tax returns. Now adding to our stress, we must watch out for tax season scam artists, too. The crooks are everywhere from the gym parking lot to the latest emails and text messages.  Fraudsters want

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