Persons with disabilities can get help by calling the IRS Accessibility helpline at (833) 690-0598. You can get answers to questions related to accessibility services and alternative media formats. Please note that they do not have information on your IRS account.
If you received monthly advance child tax credit payments in 2021, you may get a smaller refund or owe money when filing your taxes. The American Recuse Plan, enacted in March 2021, gave millions of families upfront monthly payments. These payments were your child tax credits. I.E., instead of waiting until you receive your tax…
If you find that more than one filing status could apply to your situation, choose the filing status that allows you to owe the least amount of taxes. The Five Filing Statuses Single. For taxpayers who are unmarried, divorced or legally separated under a divorce or separate maintenance decree governed by state law. Married Filing…
Telltale signs of a tax scam. -1- The IRS will never call to demand immediate payment using a specific payment method such as a prepaid debit card, gift card or wire transfer. Generally, the IRS will first mail a bill to any taxpayer who owes taxes. -2- The IRS will never threaten to immediately bring…
Direct deposit is the safest and most convenient way to receive your tax refund. PLUS You Get These Benefits: It is fast. The fastest way for you to get your refund is to electronically file and choose direct deposit. It is Secure. Since refunds are electronically deposited, there’s no risk of having a paper check…
Known as “offsets”, if you have a debt with the federal or state government, your tax refund may be taken to pay that debt. You can check if you have any standing offsets by calling the IRS automated system: (800) 304-3107 While you can check your own offsets, you must have permission from any other…
Gig economy workers who are not considered employees have two ways to cover their income taxes: (1) Submit a new From W-4 to your employer to have more income taxes withheld from your paycheck, if you have another job as an employee. (2) Make quarterly estimated tax payments to help pay your income taxes throughout…
Money you make from your side job (gig) is taxable, regardless of whether you receive a 1099 or other information returns. Starting in 2022 the reporting requirements have changed. Gig workers will receive form 1099-K for totals exceeding $600, regardless of the total number of transactions. This means some gig worker will now receive and…
You can claim the earned income tax credit as a tax refund if you earned $57,414 or less last year. For the 2021 tax year (taxes filed in 2022), the earned income credit ranges from $1,502 to $6,728 depending on your filing status and how many children you claim on your tax return. The law…
You can claim the child tax credit if you have a qualifying child under the age of 17 and meet other qualifications. Other taxpayers may be eligible for the credit for other dependents. This includes people who have: (a) Dependent children who are age 17 or older at the end of 2020; (b) parents or…
