Day: January 6, 2021

It’s hard to believe it, but the 2021 tax season is already here. And while the 2020 tax filing deadline was extended from April to July due to the coronavirus, the traditional deadline, April 15, will return in 2021. That’s the date that you’ll need to file your individual tax return by — unless, of course, the IRS decides to change it again. It will be worth your time to get an early start on your tax return in 2021. For many people, this year’s tax return will involve new…

A number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account, forcing them to wait longer for their money. The IRS and the Treasury Department began issuing the Economic Impact Payments last week. The payment is $600 for each eligible adult and dependent for people earning up to $75,000, or $150,000 for married couples filing jointly. Those earning more than that are eligible for a reduced payment. The IRS said that direct deposit payments…