Robby In 2021, the American Rescue Plan Act authorized a third round of Economic Impact Payments (EIP3) to provide financial relief to Americans amidst the COVID-19 pandemic. While the majority of eligible individuals received their payments automatically, some may have missed out due to various factors. This guide will provide a comprehensive overview of the EIP3 … Read more
Yes, you can still file your 2019 taxes in 2022. The IRS has extended the deadline to file 2019 tax returns to July 17, 2023. This means you have until this date to claim any refunds you may be owed. Why File Your 2019 Taxes Now? Even if you don’t owe any taxes, it’s important … Read more
The Internal Revenue Service (IRS) is responsible for processing tax returns and issuing refunds to taxpayers. In some cases, the IRS may hold a refund for review. This can be frustrating for taxpayers who are expecting a refund, but it is important to understand why the IRS may take this action. There are several reasons … Read more
The 2023 tax filing season officially commences on Monday, January 23, 2023. This is when the Internal Revenue Service (IRS) begins accepting and processing individual tax returns for the 2022 tax year. Key Dates to Remember: January 13, 2023: IRS Free File opens. January 17, 2023: Due date for tax year 2022 fourth quarter estimated … Read more
The COVID-19 pandemic has brought about unprecedented economic challenges, prompting the government to issue stimulus checks to provide financial relief to American citizens. However, individuals who have not filed taxes in several years may be wondering if they are eligible to receive these payments. This guide will provide a comprehensive overview of the eligibility criteria, … Read more
Navigating the complexities of tax-related queries can be a daunting task. Whether you’re seeking assistance with a refund, have questions about tax forms, or need guidance on resolving tax issues, getting in touch with the Internal Revenue Service (IRS) is essential. This comprehensive guide provides you with a detailed overview of the various IRS phone … Read more
The mere mention of an IRS audit can send shivers down the spines of taxpayers. However, the reality is that the chances of facing an audit are surprisingly low for most individuals. This article delves into the statistics, misconceptions, and factors that determine the likelihood of an IRS audit, providing valuable insights for taxpayers seeking … Read more
Embarking on the journey of homeownership offers a plethora of financial benefits, including substantial tax savings. California, renowned for its picturesque landscapes and vibrant cities, provides homeowners with an array of tax deductions and credits, making homeownership an even more enticing prospect. This comprehensive guide will delve into the intricacies of these tax benefits, empowering … Read more
The United States tax system is a progressive tax system, which means that the tax rate increases as your income increases. This is accomplished through the use of tax brackets. Tax brackets are ranges of income that are subject to a specific tax rate. There are seven tax brackets for most ordinary income for the … Read more
The Internal Revenue Service (IRS) possesses the authority to seize your bank account to satisfy outstanding tax debts through a process known as a bank levy. This levy empowers the IRS to seize funds directly from your account, potentially leaving you with insufficient funds to cover essential expenses. However, the IRS is generally required to … Read more