Tax Tips
Who Won't Get a Third Stimulus Check Under the New Senate Plan?
Who Won't Get a Third Stimulus Check Under the New Senate Plan?
The Senate passed a new third stimulus check plan that would reduce the number of people eligible for a $1,400 payment.
March 6, 2021
The Current Plan for $1,400 Checks
The Current Plan for $1,400 Checks
Here's what you need to know about the stimulus check plan in President Biden's COVID-relief package.
March 6, 2021
Senate Passes $3,000 Child Tax Credit for 2021
Senate Passes $3,000 Child Tax Credit for 2021
The provision would temporarily increase the child tax credit to $3,000 or $3,600 per child for most families and have 50% of it paid in advance by th…
March 6, 2021
Senate Passes Bill with More "Targeted" Stimulus Payments
Senate Passes Bill with More "Targeted" Stimulus Payments
The Senate finally passes the $1.9 trillion COVID-relief bill. But fewer people will get a third stimulus check under the Senate version than under th…
March 6, 2021
What's the Standard Deduction for 2020 vs. 2021?
What's the Standard Deduction for 2020 vs. 2021?
If you're like most Americans, taking the standard deduction on your tax return is better than claiming itemized deductions.
March 5, 2021
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Will You Still Get a Third Stimulus Check Under the New Senate Plan?
Will You Still Get a Third Stimulus Check Under the New Senate Plan?
President Biden and Senate Democrats agreed on a new third stimulus check plan that would reduce the number of people eligible for a $1,400 payment.
March 4, 2021
The Current Plan for $1,400 Checks
The Current Plan for $1,400 Checks
Here's what you need to know about the stimulus check plan in President Biden's COVID-relief package.
March 4, 2021
Where's My Refund? How to Track Your Tax Refund Status
Where's My Refund? How to Track Your Tax Refund Status
If you're waiting for your tax refund, the IRS has an online tool that lets you track the status of your payment.
March 2, 2021
Will Your Stimulus Check Increase Your Tax on Social Security Benefits?
Will Your Stimulus Check Increase Your Tax on Social Security Benefits?
The answer to this question comes down to whether your stimulus check increases your "provisional income."
March 1, 2021
Do I Have to Pay Taxes on Gains From Stocks?
Do I Have to Pay Taxes on Gains From Stocks?
If you enjoyed stock market success in 2020, you might owe the IRS. Here's our quick, easy guide to paying taxes on your stock gains.
March 1, 2021
Tax Day 2021: When's the Last Day to File Taxes?
Tax Day 2021: When's the Last Day to File Taxes?
Many people are wondering if Tax Day will be pushed back again this year because of the pandemic. Here's what we know so far.
February 28, 2021
IRS Extends April 15 and Other Tax Deadlines for Texas and Oklahoma Residents
IRS Extends April 15 and Other Tax Deadlines for Texas and Oklahoma Residents
Following FEMA's recent disaster declaration for winter storms in Texas and Oklahoma, victims of the recent winter storms in those states get more tim…
February 28, 2021
House Approves $3,000 Child Tax Credit for 2021
House Approves $3,000 Child Tax Credit for 2021
The proposal would temporarily increase the child tax credit to $3,000 or $3,600 per child for most families and have 50% of it paid in advance by the…
February 27, 2021
How Filing Your Tax Return Early (or Late) Could Boost Your Third Stimulus Check
How Filing Your Tax Return Early (or Late) Could Boost Your Third Stimulus Check
Depending on your situation, you might be able to increase your next stimulus check by filing your tax return now or by waiting.
February 27, 2021
Third Stimulus Checks Are One Step Closer to Reality – How Much Will You Get?
Third Stimulus Checks Are One Step Closer to Reality – How Much Will You Get?
The House passed President Biden's $1.9 trillion stimulus package. While the bill faces hurdles in the Senate, the provisions authorizing another roun…
February 27, 2021
Tax Tip: Reporting a 2020 RMD From an IRA That You Later Returned
Tax Tip: Reporting a 2020 RMD From an IRA That You Later Returned
If you paid back a "required minimum distribution" from an IRA last year, you still have to report the payout on your 2020 tax return.
February 23, 2021
Where's My Stimulus Check? Use the IRS's "Get My Payment" Portal to Get an Answer
Where's My Stimulus Check? Use the IRS's "Get My Payment" Portal to Get an Answer
The IRS has an online tool that lets you track the status of your stimulus checks.
February 19, 2021
What's the Recovery Rebate Credit?
What's the Recovery Rebate Credit?
If you didn't get a stimulus check, or you didn't get the full amount, you may be able to claim the recovery rebate credit on your 2020 tax return to …
February 17, 2021
The Biden Stimulus Plan: Push for a Higher Child Tax Credit Continues
The Biden Stimulus Plan: Push for a Higher Child Tax Credit Continues
The proposal currently on the table would increase the child tax credit to $3,000 or $3,600 per child and have the IRS pay 50% of it in advance.
February 16, 2021
Can You Claim the Home Office Deduction on Your 2020 Tax Return?
Can You Claim the Home Office Deduction on Your 2020 Tax Return?
People working from home because of the pandemic are wondering if they can get a tax deduction out of it. It depends on your employment status.
February 11, 2021
When Can You File Your Taxes This Year? (Hint: It's Very Soon)
When Can You File Your Taxes This Year? (Hint: It's Very Soon)
If you're an early bird when it comes to filing your tax return, you won't have to wait much longer before the IRS will accept your return.
February 11, 2021
What Are the Capital Gains Tax Rates for 2020 and 2021?
What Are the Capital Gains Tax Rates for 2020 and 2021?
Which tax rate applies to your long-term capital gains depends on your taxable income.
February 10, 2021
Third Stimulus Check Update: Democrats (Mostly) Reject "Targeting" of $1,400 Stimulus Checks
Third Stimulus Check Update: Democrats (Mostly) Reject "Targeting" of $1,400 Stimulus Checks
House Democrats' latest stimulus check plan applies the same phase-out thresholds used for previous stimulus payments, but families making over $200,0…
February 9, 2021
What Are the Income Tax Brackets for 2021 vs. 2020?
What Are the Income Tax Brackets for 2021 vs. 2020?
For both 2020 and 2021, you can end up in one of seven different federal income tax brackets – each with its own marginal tax rate – depending on your…
February 9, 2021
House Democrats Propose Monthly Payments of Up to $300 Per Child
House Democrats Propose Monthly Payments of Up to $300 Per Child
A bill in Congress would increase the child tax credit and have 50% of it paid in advance by the IRS from July through December.
February 9, 2021