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Jan 10, 2022Stimulus Check and Recovery Rebate Credit
“Stimulus Check,” and “Recovery Rebate Credit.” The stimulus checks were advance payment of Recovery Rebate Credit. Eligible taxpayers must file their tax returns to take advantage of missing stimulus payments from the Recovery Rebate Credit
Manisha HansrajJun 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 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 […]
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