Tag: Filing

The Internal Revenue Service (IRS) generally receives over 150 million individual returns over the tax season with more than 95% of those returns filed electronically and over 80% of those returns resulting in refunds. Over the last few years, thanks to plenty of pandemic related stimulus payments and funding for…

The date for filing a tax return filing extension for the current tax season is April 15th. Maine and Massachusetts have 2 extra days due to state holidays. Not filing for an extension or not paying your tax liability could mean some stiff penalties. Given the ongoing IRS processing delays,…

The Taxpayer Advocate Service (TAS) is an independent organization within the IRS that can help filers with tax problems they can't resolve on their own, or if they have exhausted all standard IRS channels and not getting an adequate response. Every state has at least one local TAS center that…

Common IRS Tax Questions This time of year taxes are on the forefront of most Americans personal finances. Which leads to searching online for questions like, "When can I file?", "How do I file?", "How much of a refund will I get back?", and "Why is the IRS taking so…

Every year I get asked about income requirements for filing taxes when publishing tax filing due dates for the upcoming tax season.   While there are other factors (residency status, claiming tax credits) that also drive if you have to file taxes or not, how much you earn (gross income) is…

For the majority of tax filers mid-April is the deadline to file their tax return. Even if you don't have enough money to pay your entire tax liability you must take action. Inside your head, you scream, "I need more time!" But before you stress out realize that the IRS offers…

[Updated for 2013-2014 tax filing season] Thanks to the so called fiscal cliff deal reached last year there were a number of impacts to taxes in 2013 which you need to be aware of when filing your 2014 taxes. Changes were in the form of updated federal tax rates, new…

See this article for the latest federal tax filing deadlines. Generally you can paper file your tax return on January 1st of the following year. But if, like most tax payers, you file an electronic return (e-file) you can only submit your return to the IRS in late January, which…

You've filed your tax return and are expecting a tax refund. Congratulations!  Now, you want to know when to expect your refund and/or why is it taking so long to receive your money! Generally, if you e-file and use direct deposit, the IRS estimates that you should receive your federal…

[Updated Income Thresholds] The Internal Revenue Service (IRS) recommends that all adults file a tax return. Obviously, the IRS wants to have everyone pay their taxes but it is also an important way for the government to ensure that it pays out subsidies, stimulus payments and tax credits to the…

Tax season is almost here and it's important to think about your tax minimization and management strategies so that you save when filing. I will be publishing more tax related posts over the next few weeks (subscribe), but in the meantime here is a cool Tax Infographic with some interesting…

As the year draws to a close it’s always a good idea to review your tax situation and in light of that we have put together a collection of fifteen tax deductions worth considering to lower your overall tax bill. But act soon, because if you wait until next year…