The IRS named the dates for child support payments: when and how much you can get

The IRS announced Monday June 7 that taxpayers who are eligible for the Extended Child Tax Credit will receive a letter in the mail from the IRS in the following days informing them of their eligibility, CNBC writes. The payout will be based on ...

The IRS promises payments for children for 90% of families: who will receive and how much

Eligible families will receive benefits from July 15, writes ABC News. The vast majority of American families with children will automatically receive up to $ 300 a month per child starting July 15, the IRS announced on May 17 ...

What are the penalties for late filing and payment of taxes in the United States?

Fines for late filing of tax returns are deliberately set high enough to encourage taxpayers to do everything on time. In addition to this, the IRS may impose additional fines and interest on unpaid taxes, which will further increase your score, writes GOBankingRates. It is important to make an effort ...

Two Weeks Left: Best Free Tax Filing Programs

Many US residents do not know that they can file tax returns for free - using special software, writes Well Kept Wallet. We remind you that the deadline for filing tax returns in 2021 has been extended until May 17 - it's time to explore which services ...

Tax fraud: how to recognize illegal tax evasion schemes

Tax season is in full swing. ForumDaily, based on the official information of the US Internal Revenue Service (IRS), tells how to protect yourself from scammers. The IRS identifies the following major tax violations: Intentional understatement or concealment of income. Overestimation of deductions from the tax base. Double-entry bookkeeping. Entering false ...

The deadline for filing tax returns has not been extended for everyone: who must pay taxes by April 15

Some taxpayers still need to pay money in April this year, although the IRS has extended the tax filing season to May 17, CNBC recalls. Those making the estimated tax payments still have to make the first quarterly levy, which ...

Child tax credit: what you need to know about the amount, timing and overpayment

If you are eligible for the Revised Child Tax Credits, you will receive half of the money in 2021 and the rest in 2022. What else you need to know about these checks, says CNET. Thanks to the Extended Child Tax Credit ...

From taxi drivers to billionaires: who will be affected by the tax hike under Biden

The plans of the president and other Democrats to raise taxes will affect people with a wide range of incomes, writes MoneyTalksNews. Raising taxes for the rich and corporations was a central part of Joe Biden's campaign, and he confirmed in a recent interview with ABC News that it remains ...

The IRS will strengthen control over personal income from online sales: what will change

Depending on your situation, you may be receiving income that the IRS wants to know about. And if you are a regular online seller, keep in mind that after this year it may become harder to avoid income reporting requirements. ...

Biden plans first major federal tax hike in 30 years

President Joe Biden is planning the first major federal tax hike since 1993 to help pay for a long-term economic program designed as a follow-up to his pandemic bill, according to people familiar with the matter. Bloomberg reports. Unlike…

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