Giving a few bucks to your favorite charity in time for the holidays? You can finally collect a tax break for it. The CARES Act, which was signed into law this spring, included a “partial above the line deduction” for charitable contributions. This allows people who...
The Internal Revenue Service has announced that the nation's tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. The Feb. 12 start date for individual tax return filers allows the IRS time to...
The Internal Revenue Service (IRS) electronic filing system opens on January 27th this year. Taxpayers looking to get their tax refund as quickly as possible should take note. Starting the last week of January, the IRS is expected to begin accepting electronically...