The COVID-19 pandemic has upended many aspects of our routines, including taxes. That’s why this year’s deadline to file and pay your taxes has been extended from April 15 to May 17. Here’s everything you need to know about this relief measure. What You Need to Know Usually, Tax Day is in April, but this…
The IRS is already sending the third round of stimulus payments. Here you will find everything you need to know, from how much you would receive to the changes compared to the first and second rounds of payments. How Will the Third Stimulus Payment Be Delivered? According to the IRS, the vast majority of payments…
Cybercriminals never take a day off, especially during tax season. Here are five steps you can take to protect your personal information. Be Cautious As we’ll see, there are many technical precautions you can take to safeguard your information. However, it’s equally important to maintain a cautious mindset. Be extremely careful when you provide even…
2020 was a year out of the ordinary, with ramifications that affected most aspects of our lives, including taxes. From new credits to interest payments, here are three new things you should keep in mind this year when you file your tax return. Recovery Rebate Credit You may be able to claim this credit if…
1) Check Your Withholding First, make sure that your tax withholding is correct. This can be done easily using the Tax Withholding Estimator from the IRS. Checking your withholding is important because it helps you avoid unexpected tax bills when you file your 2020 tax return. These are some cases when checking your withholding is…