Tax Tips
Child Tax Credit Would Go Up Under Biden Proposal
Child Tax Credit Would Go Up Under Biden Proposal
Some families would see their tax credit jump from $2,000 to $3,600 per child under Joe Biden's plan. But there are a couple of important catches.
September 18, 2020
Oregon Wildfire Victims Get More Time to Pay Taxes
Oregon Wildfire Victims Get More Time to Pay Taxes
The tax relief is currently available to Oregon wildfire victims in Clackamas, Douglas, Jackson, Klamath, Lane, Lincoln, Linn and Marion counties.
September 17, 2020
Stimulus Check Update: 9 Million Americans Could Still Claim a Payment
Stimulus Check Update: 9 Million Americans Could Still Claim a Payment
The IRS is sending out letters to people who didn't file a 2018 or 2019 tax return encouraging them to claim a stimulus check if they're eligible.
September 17, 2020
What Trump's Payroll Tax Cut Will Mean for You
What Trump's Payroll Tax Cut Will Mean for You
President Trump issued an executive order to suspend the collection of Social Security payroll taxes. How much could it save you?
September 17, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Sally
Tax Tip: How to Deduct Property Damage Caused by Hurricane Sally
Get the maximum tax deduction for property losses resulting from Hurricane Sally or other natural disasters.
September 17, 2020
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Estimated Tax Payments Are Due September 15
Estimated Tax Payments Are Due September 15
The deadline for 2020 third quarter estimated tax payments is almost here. Get your payments in now.
September 14, 2020
When Are 2020 Estimated Tax Payments Due?
When Are 2020 Estimated Tax Payments Due?
If you're self-employed or don't have taxes withheld from other sources of taxable income, it's up to you to periodically pay the IRS by making estima…
September 11, 2020
Will There Be a Second Stimulus Check?
Will There Be a Second Stimulus Check?
Despite support from President Trump and key Congressional leaders, the odds of getting another $1,200 stimulus check this year are fading fast.
September 10, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Laura
Tax Tip: How to Deduct Property Damage Caused by Hurricane Laura
Get the maximum tax deduction for property losses resulting from Hurricane Laura or other natural disasters.
August 31, 2020
IRS Extends Tax Due Dates for Hurricane Laura Victims
IRS Extends Tax Due Dates for Hurricane Laura Victims
Victims of Hurricane Laura have until the end of the year to file tax returns and make tax payments.
August 31, 2020
How Workers Face Double Taxation Under Trump's Payroll Tax Break
How Workers Face Double Taxation Under Trump's Payroll Tax Break
There's a catch if your Social Security payroll taxes are deferred under President Trump's recent executive order, which kicks in on September 1.
August 31, 2020
Deferred Payroll Taxes to Be Paid in 2021
Deferred Payroll Taxes to Be Paid in 2021
The IRS says Social Security payroll taxes that aren't collected this year under President Trump's executive order will have to be withheld and paid e…
August 29, 2020
Tax Relief for Hurricane, Wildfire, Flood and Other Natural Disaster Victims
Tax Relief for Hurricane, Wildfire, Flood and Other Natural Disaster Victims
Deductions for lost or damaged property, filing and payment extensions, and fee waivers can help taxpayers hit by a hurricane, wildfire, tornado, eart…
August 25, 2020
IRS Will Pay Stimulus Check Money Diverted for Child Support Payments
IRS Will Pay Stimulus Check Money Diverted for Child Support Payments
Checks will go to people who had all or part of their stimulus check diverted to pay their spouse's past-due child support.
August 25, 2020
Deadline for Returning RMDs to Retirement Accounts is Approaching Fast
Deadline for Returning RMDs to Retirement Accounts is Approaching Fast
Retirees who took a required minimum distribution earlier this year need to act quickly if they want to avoid taxes on the money they withdrew.
August 24, 2020
Amending Your Tax Return Just Got Easier
Amending Your Tax Return Just Got Easier
The IRS is now accepting electronically filed amended tax returns.
August 21, 2020
Millions of Americans Will Receive a Tax Refund Interest Check from the IRS
Millions of Americans Will Receive a Tax Refund Interest Check from the IRS
Payments will go to people who filed their tax return by July 15 and received a refund in the past three months or are still waiting for a refund.
August 18, 2020
Stimulus Check Relief for Spouses of Deceased People is Coming
Stimulus Check Relief for Spouses of Deceased People is Coming
The IRS will be sending new stimulus checks to widows and widowers who didn't get their original payment.
August 15, 2020
Veterans with Children Get Second Chance for Extra $500 Stimulus Check
Veterans with Children Get Second Chance for Extra $500 Stimulus Check
The IRS set a new deadline for VA benefit recipients who didn't get an extra stimulus check payment for dependent children.
August 14, 2020
Social Security Recipients Get More Time to Request Extra $500 Stimulus Check
Social Security Recipients Get More Time to Request Extra $500 Stimulus Check
The IRS is reopening the registration period for seniors who didn't receive the additional payment for dependent children earlier this year.
August 14, 2020
What a Payroll Tax Cut Would Mean for You
What a Payroll Tax Cut Would Mean for You
If Congress can't pass another stimulus bill, President Trump says he will initiate a payroll tax cut by executive order. How much would that save you…
August 8, 2020
Calculating Taxes on Social Security Benefits
Calculating Taxes on Social Security Benefits
Uncle Sam can tax up to 85% of your Social Security benefits if you have other sources of income, such as earnings from work or withdrawals from tax-d…
August 4, 2020
Understanding Tax Planning
Understanding Tax Planning
The importance of tax planning goes beyond keeping cash out of Uncle Sam’s hands. You’re also preparing yourself for a secure retirement. Here are a c…
August 3, 2020
New Family-Focused Stimulus Check Plan Introduced by Four Republican Senators
New Family-Focused Stimulus Check Plan Introduced by Four Republican Senators
The proposal from Senators Cassidy, Daines, Romney and Rubio would provide $1,000 payments to all American citizens, regardless of age or dependent st…
July 30, 2020
Second Stimulus Check Update: Republican Plan to Include Next-Round Payments for Dependents
Second Stimulus Check Update: Republican Plan to Include Next-Round Payments for Dependents
If the HEALS Act is passed, some people would get a second-round stimulus check that is larger than the first check they received under the CARES Act.
July 28, 2020