Tag: 2017

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The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February. The IRS will begin accepting tax returns on Jan. 29, with nearly 155 million individual tax returns expected to be filed in 2018.…

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The Internal Revenue Service reminds taxpayers with expiring Individual Taxpayer Identification Numbers (ITIN) to submit their renewal applications as soon as possible. Failing to renew them by the end of the year will cause refund and processing delays in 2018. The IRS mailed letters over the summer to more than 1 million taxpayers whose ITINs are set…

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WASHINGTON — The Internal Revenue Service today urged taxpayers who have a filing extension through Oct. 16 to check their returns for often-overlooked tax benefits. When they are ready to file, the IRS recommends they file their return electronically using IRS e-file or the Free File system. Both are still available for taxpayers who still need to file their…

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Where You Can Shop Tax-Free for Back-To-School in 2017 If you’re lucky enough to live in a state that offers tax holidays for back-to-school shopping, this is your heads up — the first of those wonderful tax-free weekends begins this Friday, July 21, and your favorite retailers are likely to be wooing you with some of the best back-to-school…

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If you’ve ever tried to do your own taxes, you know how confusing they can be. Trying to pay taxes to two states or figure out what you can deduct and what you can’t? Good luck! No matter who you are, you can’t avoid taxes. Whether you’re a small business owner working with an accountant…

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The IRS’s “Where’s My Refund?” tool will be updated on February 18 for many taxpayers who claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). Before February 18, some taxpayers may see a projected deposit date or an intermittent message (Being Processed) that the IRS is processing their return. Early…

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Opening Day for the IRS is Today January 23, 2017. That’s when the Internal Revenue Service will start accepting electronically filed tax returns. We have until April 18 to file returns but many file earlier in the season, if they’re expecting large refunds. The tax filing deadline this year is Tuesday, April 18, instead of…

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The Affordable Care Act (ACA) removed obstacles that prevented some people from buying health insurance but not everyone has signed up, and not everyone who did sign up kept their coverage. Because of that, millions will owe the individual shared responsibility payment, better known as the Obamacare penalty or ACA penalty, when they file taxes. Who pays the…

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The Internal Revenue Service announced Monday that the nation’s tax season will begin Monday, Jan. 23, 2017 and reminded taxpayers claiming certain tax credits to expect a longer wait for refunds. The IRS will begin accepting electronic tax returns that day, with more than 153 million individual tax returns expected to be filed in 2017.…

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