The deadline for filing tax returns for 2019 expires in two weeks: what you need to know

On June 29, the Treasury and Internal Revenue Service of the United States announced that they would adhere to the deadline for filing a tax return on July 15 without extending it, writes USA Today. Agencies urge U.S. residents to apply for automatic renewal until October 15 if they ...

Tax Season 2020: Everything You Need to Know About Deferral

In response to the coronavirus pandemic, the Internal Revenue Service (IRS) extended the deadline for filing tax returns and paying any taxes - from April 15, the date was moved to July 15, writes GOBankingRates. If you plan to take a respite, that’s all ...

Tax Season 2020: Coronavirus Deferred Filing Frequently Asked Questions

At the beginning of 2020, many thought that the chaos and mess of last year’s tax season was long over. According to experts, in the new year to deal with taxes should have been easier, because people have better studied the new tax rules, reminds USA Today. But after…

Pandemic benefit for Americans: is it worth the rush to file a 2019 declaration

The US government plans to pay material assistance to Americans affected by the coronavirus quarantine, and this amount will depend on the recipient's annual income, Fox Business writes. The payout is expected to be $ 1 per adult for individuals with incomes up to $ 200. ...

Tax Season 2020: IRS extends filing deadlines for most Americans

On March 17, the head of the US Treasury Department, Stephen Mnuchin, said at a press conference that most Americans could receive a three-month grace period for paying income taxes for 2019, USA Today writes. The IRS will extend the deadline for paying taxes after April 15 for another 90 days ...

Tax season 2020: trump pushed back filing due to coronavirus

Some taxpayers will not need to submit their declarations until April 15, 2020. This was stated by US President Donald Trump. He said it was a measure to reduce the economic impact of coronavirus. This is written by USA Today. “I will entrust the US Department of the Treasury ...

Words of the week: a simple explanation of tax terms you need to know in 2020

The proverb says: in life, only death and taxes are inevitable. This statement is dated 1716, and the word "tax" has a long history and means "the amount of money required by the government." The word comes from the Latin taxare: “censure, accrual” and dates from around the XNUMXth century. FROM…

7 common mistakes when filling out a U.S. tax return

The idea of ​​delaying filing a tax return until the deadline of April 15th may seem tempting, but if you put it off until the last moment and make a mistake, this delay can be expensive in the future, writes USA Today. Because of one of the most ...

Rating of states with the highest and lowest differences in tax burden for rich and poor

The new tax rules come into force this year, and taxpayers are probably wondering what this means for them and their finances. However, people often confuse terms related to taxes, such as the tax rate and tax burden, writes GOBankingRates. Tax ...

How to file a tax return yourself: step-by-step instructions

We will not pretend that taxes are fun. Taxes are a burden. But for most people, it’s not so difficult to put their tax affairs in order. Instructions on how to file a tax return are provided by The Penny Hoarder. What do you need…

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