Tagged: taxable income

IRS Interest Rates Jump To 6% On Oct. 1. Here’s How Much Money You’ll Get For A Missing Refund

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As of Aug. 5, there were 9.7 million unprocessed individual 2021 tax returns, according to the IRS, with 1.8 million requiring error correction or other special handling. The IRS is working to clear its backlog but there’s a little good news if you’re missing a refund: You may be earning interest on your unpaid balance. CLICK ON THE HEADLINE FOR MORE

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So You Missed The Tax-Filing Deadline. Now What?

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The official tax filing due date was Monday, April 18 or Monday, Oct. 17 for those who applied for an extension. If you did neither, the question now is: What are the repercussions for you and how can you minimize them? The answers depend on whether you’re owed a refund or whether you still owe the IRS money for 2021. CLICK ON THE HEADLINE FOR MORE

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Worked Remotely In 2021? Here’s What You Need To Know About Your Taxes

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Working remotely certainly has its benefits but in some cases, it could create a tax headache. If you did your job from another state for part of 2021, determining whether you need to file another state tax return can be complicated because of different state rules. So as you gear up to file a return for 2021, make sure you know the rules that apply to you. CLICK ON THE HEADLINE FOR MORE

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