Tag Archive for: internal revenue services refund

When Does The IRS Start Processing Tax Returns With Child Tax Credit?

For those eagerly awaiting their tax returns, understanding the processing timelines is crucial. The IRS provides valuable information to address common queries and concerns in return processing, especially when claiming the Child Tax Credit.

IRS Sending Out 4 Million Refunds To Taxpayers Who Overpaid On 2020 Unemployment Benefits

Many taxpayers had already filed their tax returns before the American Rescue Plan Act was excluded from taxable income. For taxpayers who overpaid due to the exclusion, the IRS will either refund the overpayment or apply it to any other outstanding taxes. CLICK ON THE HEADLINE FOR MORE

Getting A Refund For Your Unemployment Tax Break? Expect It In May

A lot of filers who got unemployment benefits in 2020 had already submitted their tax returns by the time the American Rescue Plan came out. As such, many missed out on claiming that unemployment tax break.The IRS will automatically refund filers but that money won't come for a while. CLICK ON THE HEADLINE FOR MORE