Article Highlights:
Your Federal Tax Refund Status Can Be Checked Online
Delay When Claiming Earned Income Tax Credit or Additional Child Tax Credit
“Where’s My Refund?”
Refunds Are Generally Issued Within 21 Days of E-Filing
…
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Article Highlights:
CARES and COVID Tax Relief Acts
Unemployment Benefits
American Rescue Plan
Tax-Exempt Portion of Unemployment
Bogus Forms 1099-G
Kiddie Tax and Unemployment
States’ Taxation of Unemployment
With…
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Article Highlights:
Single
Married Filing Jointly
Surviving Spouse
Married to a Nonresident Alien
Head of Household
Married Filing Separate
Filing status is determined on the last day of the year and most often is…
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Article Highlights:
CARES Act Moratorium
RMD Resumptions
Age Considerations
Figuring out the RMD Amount
Penalty for Not Taking an RMD
No Maximum Limit
IRA-to-Charity Transfers
As part of the CARES Act, the requirement…
https://www.islernw.com/wp-content/uploads/2021/04/Required-Minimum-IRA-Distributions-Will-Resume-in-2021.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-04-04 04:42:162021-04-04 04:42:16Required Minimum IRA Distributions Will Resume in 2021
As if this past year with all of its pandemic perils has not been stressful enough, the Office of the Inspector General for the Department of Labor has just added to our anxieties by announcing that at least at least $36 billion and possibly…
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Article Highlights:
Charitable Contributions
Educator Expenses
Performing Artist Expenses
State and Local Government Officials’ Expenses
Health Savings Account Contributions
Moving Expenses for Members of the Armed Forces
…
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Article Highlights
Prior Filed Returns with Unemployment Income
American Rescue Plan’s $10,200 Exclusion
IRS Automatic Adjustment
Refund Application
When an Amended Return Might Be Required
The IRS announced on March 31,…
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Article Highlights:
Employment (Earned) Income
Earned Income Tax Credit (EITC)
Child Tax Credit (CTC)
2019 or 2020 Earned Income
Credit Qualifications
Because of the pandemic, many individuals have seen…
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April 2021 Individual Due Dates
April 12 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during March, you are required to report them to your employer on IRS Form 4070 no later than…
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https://www.islernw.com/wp-content/uploads/2021/04/Dont-Miss-Out-on-Tax-Credits.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-03-30 05:02:352021-04-04 03:15:07Don’t Miss Out on Tax Credits
Easily Check the Status of Your Refund
Tax Refund, Tax TipsAre Your Unemployment Benefits Taxable?
ARPA, CARES Act 2020, COVID-19, Oregon, Oregon Income Tax, Stimulus Payments, Tax News, Tax TipsUnderstanding Tax-Filing Status
2021 Tax Laws, Tax Planning, Tax TipsRequired Minimum IRA Distributions Will Resume in 2021
2021 Tax Laws, CARES Act 2020, IRAs & RMDs, Tax News, Tax PlanningUnemployment Fraudsters May Create a Tax Nightmare for Unsuspecting Taxpayers
CARES Act 2020, COVID-19, Scams, Security, Tax News, Tax TipsTax Deductions Without Itemizing
2020 Tax Laws, 2021 Due Dates, Deductions, Health Savings Accounts, Tax Planning, Tax TipsIRS to Automatically Adjust Prior Filed 2020 Returns with Unemployment Income
2021 Tax Laws, ARPA, COVID-19, EITC, Tax Credits, Tax News, Tax Planning, Tax TipsSpecial Rules Apply to 2020 EITC and Child Credit
2021 Tax Laws, EITC, Tax Credits, Tax Tips, TaxesApril 2021 Tax Due Dates
2021 Due Dates, 2021 Tax Laws, COVID-19Don’t Miss Out on Tax Credits
2021 Tax Laws, Deductions, EITC, Tax Credits, Tax News, Tax Planning, Tax Tips