Manisha Hansraj
Jun 10, 2021Is your 2020 tax refund still processing with the IRS?
Like many taxpayers, your tax refund may be delayed. The COVID-19 pandemic hit the world by storm. From stimulus payments, tax changes and extending the tax deadline, your refund may be taking longer than expected. If you noticed that your tax refund is stuck on the “processing” status when checking the IRS Where’s My Refund […]
Manisha HansrajMay 24, 2021Did You Miss the 2021 Tax Deadline?
The tax deadline has come and gone. If you didn’t file a tax return as yet, we advise that you do it as soon as possible. If you missed the 2021 tax deadline, the good news is you can still file. Here’s some helpful information before getting started. Getting a refund? If you’re due a […]
Manisha HansrajJan 15, 2021What’s New for the 2020 Tax Year?
Here’s the breakdown of all the changes. Standard deduction For the 2020 tax year, the standard deduction amounts have increased. Here are the amounts below. Single or Married filing separately – $12,400 Married filing jointly and Qualifying widow(er) – $24,800 Head of Household – $18,650 For taxpayers who are blind or at least 65 years […]
Manisha HansrajJan 11, 2021What is Form 1099-NEC?
For the 2020 tax year, there’s a new income statement. The IRS has introduced a new form called Form 1099-NEC. Whether you’re well versed in reporting your taxes or not, this may be confusing. Typically, your self employment income is reported on box 7 of your 1099-MISC statement. For the 2020 tax year it is […]
Manisha HansrajSep 11, 2019How Your Taxes Will Change in 2020
It’s almost time for another tax season! Believe it or not, the 2020 tax season begins January 27, 2020. The worst feeling is scrambling last-minute to find your tax documents. Why not put your mind at ease by going over information you need to know to file your 2019 taxes? Here are the tax changes […]
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