Fair 46°
Tag:

Earned Income Tax Credit

News
IRS Announces These Changes For 2025 Filing Season IRS Announces These Changes For 2025 Filing Season
IRS Announces These Changes For 2025 Filing Season As the 2025 tax filing season progresses, the Internal Revenue Service (IRS) has outlined key updates taxpayers need to know when preparing their 2024 returns.  These changes affect deductions, tax credits, filing deadlines, and eligibility for various tax benefits. Key Filing Updates and Deadlines The deadline for submitting Form 1040 or 1040-SR for the 2024 tax year is Tuesday, April 15.  Taxpayers are urged to wait until they receive all necessary documents before filing to avoid processing delays or errors. The IRS also recommends creating an IRS Online Account for secu…

SHARE

by Joe Lombardi
News
IRS Sending Special Payments To 1 Million Americans: Here's What To Know IRS Sending Special Payments To 1 Million Americans: Here's What To Know
IRS Sending Special Payments To 1 Million Americans: Here's What To Know The Internal Revenue Service (IRS) announced it will issue automatic payments this month to nearly one million taxpayers who didn’t claim the Recovery Rebate Credit on their 2021 tax returns.  These payments aim to assist eligible individuals who missed claiming the credit, which provides up to $1,400 per person for those who didn’t receive the full amount of their Economic Impact Payments (EIPs). Who Will Receive Payments? Eligible taxpayers include those who filed a 2021 tax return but either left the Recovery Rebate Credit field blank or entered $0 despite qualifying. Payments wil…

SHARE

by Joe Lombardi
News
'Help Is Here' White House Tour Begins This Week In NJ, PA 'Help Is Here' White House Tour Begins This Week In NJ, PA
'Help Is Here' White House Tour Begins This Week In NJ, PA President Joe Biden and Vice President Kamala Harris begin a "Help is Here" tour of the United States this week, beginning in New Jersey and Pennsylvania. Biden's wife and Harris' husband will be making some of the local visits aimed at explaining and promoting the newly-signed $1.9 trillion federal stimulus package. First Lady Jill Biden, a native of Hammonton, will be in Burlington, New Jersey, on Monday and President Biden plans a stop in Delaware County, Pennsylvania, on Tuesday.  The president was born in Scranton, and his wife grew up in South Jersey. "They’re eager to get out …

SHARE

by Jon Craig