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Stimulus Update

Stimulus Update

Filing taxes, let’s break down things with a stimulus check update so that if you were eligible but haven’t received one or more of the stimulus checks, you’ll know what your next steps are.

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What’s New for the 2020 Tax Year?

What’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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Prepare for Tax Year 2020

Prepare for Tax Year 2020

The IRS already announced the inflation adjustments for next year. Although the e-file and extension deadline is in a month, the year is almost gone. 2020 has been more than a roller coaster ride, and the next tax season is only a few months away. Many taxpayers may wonder how their stimulus payments affect your […]

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