IRS Tax Payment Deadlines and Penalties “If you file your taxes and realize that you owe some money to the IRS for last year, then again — make sure to adhere to the tax payment deadline,” said Forrest. In most cases that deadline is April 15. There are some exceptions, like if April 15 is … Read more
Tax season can be a daunting time for many Americans, but the Internal Revenue Service (IRS) is here to make the process a whole lot simpler. In a move that’s sure to delight taxpayers across the nation, the IRS has announced an exciting extension of its Free File program, ensuring that everyone can access top-notch … Read more
2020 Tax Refunds: Each year, the IRS encourages taxpayers to file their tax returns on time to receive any refunds owed. For the 2020 tax year, over $1.3 billion in refunds remains unclaimed as the May 17, 2024, deadline approaches. In this post, we will provide more details about the unclaimed refund amounts, important dates, … Read more
The Internal Revenue Service (IRS) has recently announced the opening of the application period for the 2025 Low Income Taxpayer Clinic (LITC) matching grant program. This critical initiative aims to provide vital support and resources to organizations dedicated to assisting low-income and English as a Second Language (ESL) taxpayers in navigating the complexities of the … Read more
Welcome to our guide on the Sustainable Aviation Fuel Tax Credit! In this article, we’ll walk you through everything you need to know about qualifying, calculating, and claiming this valuable credit. As the aviation industry increasingly focuses on sustainability, understanding how to access this credit is more important than ever. From eligibility requirements to the … Read more
Are you a business owner or investor looking to take advantage of the solar and wind energy tax credits? The Internal Revenue Service (IRS) has recently issued new guidance that could significantly impact your plans. In this comprehensive guide, we’ll break down the key points of Revenue Procedure 2024-19, which outlines the application process, documentation … Read more
In mid-August 2023, devastating wildfires broke out across parts of Washington state, causing widespread damage and destruction. Fueled by extreme heat and drought conditions, the fires rapidly spread, burning over 300,000 acres and leveling entire neighborhoods in some areas. Tragically, several lives were also lost in the chaotic blaze. The wildfires especially devastated communities in … Read more
In a decisive move, the Internal Revenue Service (IRS) has announced crucial tax relief for individuals and businesses in West Virginia, severely impacted by storms, flooding, landslides, and mudslides commencing on August 28, 2023. This comprehensive guide delves into the IRS’s multifaceted relief measures, outlining how extended deadlines, eligibility criteria, and various relief options aim … Read more
In the aftermath of the devastating storms and floods that recently struck parts of Maine, the Internal Revenue Service (IRS) has stepped up to help affected residents and businesses recover by announcing extensive tax relief measures. This federal support comes at a crucial time as individuals and companies navigate the financial challenges created by property … Read more
Social Security beneficiaries will receive a 3.2% cost-of-living adjustment (COLA) for 2024. This COLA is based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2022 through the third quarter of 2023. The COLA helps ensure Social Security and Supplemental Security Income (SSI) benefits keep up with inflation. Explore the … Read more
