On January 26, 2024, the Internal Revenue Service, along with its partners across the nation, highlights the Earned Income Tax Credit during “EITC Awareness Day.” Celebrating its 18th year, this campaign serves as a crucial reminder to millions of workers about the importance of this significant tax credit. The Earned Income Tax Credit (EITC) is…
Where’s my Refund? Updates Calendar for 2020 IRS Transcript and the Where’s My Refund? Updates Calendars! Tuesday Transcript Updates – Daily accounts are processed Friday, Monday, Tuesday or Wednesday. Tax returns that follow Daily processing will see transcripts update on Tuesdays mornings. Wednesday WMR Major Updates – Daily accounts are processed Friday, Monday, Tuesday or Wednesday.…
Taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit may experience a refund hold. According to the Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue these refunds before mid-February. The IRS expects the first EITC/ACTC-related refunds to be available in taxpayer bank accounts or on debit cards…
The tax filing season is upon us, and many people will be looking for someone to help them file a tax return. Taxpayers should choose their tax return preparer wisely. This is because it’s ultimately the taxpayer who is responsible for all the information on their income tax return. It’s important for people to remember that this is…
While many people are required to file a tax return, it’s a good idea for everyone to determine if they should file. Some people with low income are not required to file but will need to do so if they can get a tax refund. Here are five tips for taxpayers who are deciding whether…
Starting Tuesday, January 14, 2020, the Get an IP PIN tool will be available at IRS.gov/IPPIN for taxpayers who need to retrieve a lost/missing IP PIN or certain taxpayers who want to voluntarily enter the IP PIN opt-in program. The IP PIN is a six-digit number assigned to eligible taxpayers to help prevent the misuse…
The IRS has announced that the 2020 tax filing season will begin on January 27, 2020. Tax preparation companies will be participating in the controlled launch of the e-file system (HUB Testing) with the IRS between the dates of Monday, January 13 – Wednesday, January 15 and Tuesday, January 21 – Thursday, January 23. During…
Most taxpayers can get an early start on their federal tax returns as IRS Free File – featuring brand-name online tax providers − opens today at IRS.gov/FreeFile for the 2020 tax filing season. Taxpayers whose adjusted gross income was $69,000 or less in 2019 – covering most people – can do their taxes now, and the Free…
With tax season beginning soon, the Internal Revenue Service reminds taxpayers that choosing to have their tax refund directly deposited into their checking or savings account is the fastest way to get their money. It’s simple, safe and secure. Taxpayers can also get their refund deposited into one, two or three different accounts if desired.…
The IRS will begin accepting tax returns on January 27, 2020, with nearly 155 million individual tax returns expected to be filed in 2020. The nation’s tax deadline will be April 15 this year. Many software companies and tax professionals will be accepting tax returns before Jan. 27 and then will submit the returns when IRS systems open. …
