Did you wake up this morning to find an unexpected direct deposit in your bank account? You’re not alone. The Internal Revenue Service (IRS) has begun to distribute supplemental refund checks to taxpayers who paid too much in unemployment compensation tax last year, and judging from responses on social media, many recipients didn’t know it was coming. …
The massive COVID rescue package President Joe Biden signed back in March — the same law that included $1,400 stimulus and the upcoming monthly payments for families — is now offering free health insurance to millions of Americans, through the end of 2021. The benefit’s zero-premium health care plans just became available, as of July 1, and …
new Stimulus Benefit offers Free Health Insurance Through the end of this year Read More »
For families who want to opt out of receiving the advanced child tax credit payments that are set to start next month, the IRS now has a tool available to unenroll. The child tax credit payments, which were set up and expanded under the American Rescue Plan passed earlier this year, amount to $3,000 annually per child …
IRS releases tool to let families opt out of advanced child tax credit Read More »
Americans with back taxes may qualify for tax relief in as little as 15 minutes. The IRS Fresh Start Program offers real relief to taxpayers who owe thousands in back taxes. In some cases, the IRS has forgiven 100% of back taxes owed, but Americans still struggle to take full advantage of the program due …
