SPECIFICS OF TAX RELIEF PLAN
Specifics of tax relief plan. All most Americans know about the $1.9 trillion COVID-19 tax recue bill, is that is gives them a stimulus check. But this bill includes a lot more than just stimulus checks for Americans. It is designed to spur the U.S. economy forward, after the economy stalled this winter, due to […]
IRS TAX TIME GUIDE ON DATA
IRS tax time guide on data. The Internal Revenue Service urged people to continue practicing proper cybersecurity habits by securing computers, phones and other devices. Scams and schemes using the IRS as a lure can take on many variations, so practicing personal information security is vital. The Tax Time Guide is a news release by […]
STIMULUS CHECKS DELIVERED IN FOUR WAVES
Stimulus checks delivered in four waves. Nearly eleven months ago, the first COVID-19 stimulus checks were sent out. Since then, in addition to its responsibilities filing tax returns, dealing with tax refund fraud, the IRS has become a well oiled COVID-19 stimulus check distributor. IT was three weeks to distribute the first COVID-19 checks in […]
PARENTS PAYMENT UNDER STIMULUS PLAN
Parents payment under stimulus plan. As part of the American Rescue Plan, a fully refundable Child Tax Credit for 2021, that was originally set to get distributed by sometime in late April or May, is now set for later in the summer, due to the IRS backing up the tax filing date, and the increased […]
AMERICAN RESCUE PLAN PART TWO
American rescue plan part two. Another large section of the American Rescue Plan involves the child tax credit, is has been expanded. The section that expands this is section 24, child tax credit. It does so in several way and provides that taxpayers can receive the credit in advance of filing a return. The act […]
