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Tax Deductions

How These Tax Breaks Can Lower Your IRS Bill Tax deductions are a type of tax break that helps reduce your income tax balance. They…

IRS Announces Taxpayer Relief Initiative to Help People Struggling with Tax Debts

New Tax Relief for People Experiencing COVID-19-Related Financial Difficulties “At the IRS, we recognize these are challenging times for everyone, and we understand that many…

IRS Sets “National EIP Registration Day” To Help Non-Filers Get Stimulus Checks

Register on the IRS Website for Your Economic Impact Payment (EIP) The Coronavirus Aid, Relief, and Economic Security Act (a.k.a. CARES Act) was signed into…

IRS Mails Letters About COVID-19 Stimulus Checks

State-By-State Breakdown of Non-Filers Who Will Receive IRS Letters About Economic Impact Payments The IRS has released a state-by-state breakdown of the nearly 9 million…

Tax Relief for Hurricane Victims & Other Extended Due Dates

The IRS recently announced, “Victims of Hurricane Sally that began on September 14 now have until January 15, 2021 to file various individual and business…

October 15 Tax Extension Deadline Approaches

Tax Extension Filers: Your 2019 Tax Return Is Due By October 15, 2020 This is an important reminder for taxpayers who filed an extension. If…

IRS Reopens Registration Period for Economic Impact Payments

The IRS Is Taking New Steps to Ensure People Get Their COVID-19 Payments The Internal Revenue Service (IRS) recently announced that it has established a…

Trump Signs 4 New Executive Orders for Coronavirus Relief

President Trump Issues Executive Actions to Help Americans Struggling Because of COVID-19 - What’s Included & Which Programs Are Funded? President Donald Trump signed four…