federal stimulus money Archives | Fast Forward Accounting Solutions

Tag Archive for: federal stimulus money

hundred dollar bills and tax form_canstockphoto8571357 845x345

IRS Says You Can Still Claim One Type of Stimulus Money This Tax Filing Season

March 6, 2023

The stimulus relief authorized by the American Rescue Plan Act that the IRS explained is still available in 2022 relates to a specific kind of tax credit that was expanded by the COVID-19 legislation. Taxpayers may still qualify for temporarily expanded eligibility of the Premium Tax Credit.

tax deductions yellow sign_canstockphoto18311634 845x345

3 IRS Deductions You Can’t Take This Year, Experts Warn

February 13, 2023

Before you file, you'll want to be aware of any changes for the 2023 tax season. Experts warn that there are a few key deductions you can't take this year—which could affect what your refund adds up to. There are also a few updates to tax credits as well. CLICK ON THE HEADLINE FOR MORE

tax deductions yellow sign_canstockphoto18311634 845x345

Stimulus Check Update: President Biden Feels Strongly About Providing This Stimulus Money In 2022

January 24, 2022

President Biden just spoke about a wide range of issues including legislation he would like to see passed by Congress in 2022. He referred to both the Child Tax Credit and the Community College Plan as "massive things" but wasn't sure he'd be able to get either a credit extension or his community college plan into the Build Back Better legislation. CLICK ON THE HEADLINE FOR MORE

tax deductions yellow sign_canstockphoto18311634 845x345

Unemployment Benefits Were Tax-Free In 2020. Don’t Expect That In 2021

July 26, 2021

It's unlikely that lawmakers will decide to let those collecting jobless benefits in 2021 forego paying taxes. Anyone receiving those benefits now should plan to pay the IRS a portion of that money. CLICK ON THE HEADLINE FOR MORE

tax deductions yellow sign_canstockphoto18311634 845x345

Stimulus Check Update: Homeowners Could Be Entitled To More Money

June 21, 2021

If you're a homeowner, you may not have to wait for a fourth stimulus check to get your hands on more government money. CLICK ON THE HEADLINE TO FIND OUT IF YOU'RE ELIGIBLE.

tax deductions yellow sign_canstockphoto18311634 845x345

May 17th Was Tax Day And The Tax Extension Deadline: What To Know About Filing Late, IRS Penalties

May 17, 2021

Tax Day was Monday, May 17th! Here are some things to know if you filed an extension. CLICK ON THE HEADLINE FOR MORE

Recent Posts

Can’t Pay Or File Your Taxes By April 15? Here’s What Happens If You Missed Monday’s DeadlineApril 15, 2024 - 9:35 pm
Failing to file on time when you still owe taxes will subject you to a failure-to-file penalty, which is based on how late your return is and the amount of your unpaid tax . You will also be hit with a failure-to-pay penalty. The good news is you still have time to rectify those situations before you’re penalized.
Four Must-Dos Before Tax Season Wraps UpApril 8, 2024 - 8:39 pm
It’s gratifying to close the books on tax season. But before you do, there are just few things you might want to take care of while you’re still on the tax zone.
Don’t Like Your 2024 Tax Refund? Here’s An Easy Way To Get A Bigger One Next YearApril 1, 2024 - 8:58 pm
It’s fairly simple to make your tax refund bigger or smaller each year: It takes just a few minutes, once you have the paperwork in hand. The IRS even bakes the process into one simple step on its tax forms.
How To Reduce Capital Gains Taxes And Save MoneyMarch 26, 2024 - 1:04 am
There are various tactics and techniques investors can employ to reduce their capital gains taxes effectively. From tax-loss harvesting to utilizing retirement accounts and charitable giving strategies, actionable methods can help save money and optimize tax outcomes.
Student Loan Forgiveness Email Scams: How To Detect It And Avoid It?March 18, 2024 - 9:07 pm
From suspicious calls to deceptive emails and text messages, student loan forgiveness scams can come in various forms. There are ways, however, you can identify and avoid these scams along with steps to take if you believe you’ve been targeted.
Answers To 15 Common Tax QuestionsMarch 11, 2024 - 9:11 pm
This is the time of the year people are searching for free tax help they can trust, trying to squeeze out more valuable deductions, hoping to avoid penalties or audits, eagerly awaiting their refunds or wanting to make sure they aren’t victims of tax scams. Read on for answers to the most common tax questions.
2024 Tax Refund Schedule: When Will You Get Your Payments This Tax Season?March 4, 2024 - 8:48 pm
The IRS has been processing tax returns more quickly this year. It’s important to note, however, that the IRS Tax Refund Schedule 2024 lists additional conditions that may affect the timing of tax refunds, including how quickly you submit and whether you are seeking certain credits.
What If I Can’t Pay My Taxes? Five Ways To Manage Your Bill.February 12, 2024 - 10:18 pm
You have options for dealing with a tax bill you can’t pay. To minimize penalties and interest, you’ll need to take action before taxes are due. Pretending the problem doesn’t exist is far more expensive than dealing with it.