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Child tax credit causing headaches for parents across the country as tax filing season gets underway
Read full article: Child tax credit causing headaches for parents across the country as tax filing season gets underwayAs tax filing season gets underway, parents are working to figure out what to do about the child tax credit, including those monthly advanced payments.
2 steps to protect yourself from identity theft during tax filing season
Read full article: 2 steps to protect yourself from identity theft during tax filing seasonJACKSONVILLE, Fla. – Tax season is here, and with more people filing online than ever before, the risk for identity theft is even greater. According to the IRS, 80% of all Americans file their tax return online. According to the Federal Trade Commission, more than 100,000 people reported either tax- or employment-related identity theft in 2020. The second is getting an Identity Protection PIN (IP PIN). This is not a new tool for the IRS, but the first time anyone can use it -- not just someone who has already been an identity theft victim.
Answers to your questions about tax filing season
Read full article: Answers to your questions about tax filing seasonAnd if you lost your job, you may actually owe money to the government. Here are the most common questions News4Jax has been asked:Will I owe taxes on my stimulus payments? If you did not receive all of your stimulus money, on your 2020 tax return, you need to request that money under the Recovery Rebate Credit on your 1040 form. AdDo I owe taxes if I received unemployment benefits? The IRS is aware of those who received unemployment money and will expect you to include income on your tax return.