Page 47 - Mark Steber News Today

Tax experts say many families might be owed more stimulus money. And don't forget the standard deduction!

If you havent done your taxes yet, theres no need to worry, Jackson Hewitt Tax Services chief tax information officer Mark Steber said. "There is still plenty of time to get your taxes prepared accurately and correctly," he said. "So dont panic." Still, he does recommend at least coming up with a plan to file ahead of the deadline so you arent caught off guard at the last minute. "Speed and panic can lead to mistakes," he said. Just get it done In some ways, it has never been easier, thanks to ...

Taxes and Unemployment Benefits This Year: What You Need to Know Those people who were on unemployment benefits in 2020 could see a tax refund instead of owing money. If a person has ever received unemployment benefits in the past after being laid off from a job, then they likely know that the money was typically just a percentage of their take-home pay and not always enough to make ends meet. Also, they may have gotten an unpleasant surprise when you discovered that not enough taxes were withh...

Eligible businesses could see a significant tax break for 2020 and 2021 by claiming the employee retention credit. Here’s what to know.

The average refund is almost $3,000, but more taxpayers are facing delays this year due to IRS staffing and tax code changes.

Jackson Hewitt® Reminds Taxpayers to File Before the May 17 Deadline When do taxpayers need to file an extension and what happens if they miss the federal tax deadline? News provided by Share this article Share this article JERSEY CITY, N.J., May 10, 2021 /PRNewswire/ -- The deadline to file 2020 federal tax returns is next week – except for Texas, Oklahoma, and Louisiana residents who have until June 15, 2021 to file due to the recent winter storms. Jackson Hewitt Tax Service® reminds all...

“It’s important for taxpayers to be educated on all these various tax-code changes,” said Adam Markowitz, an enrolled agent based in Florida who prepares individual and business tax returns. He recommended that people who are unfamiliar with the changes and uncomfortable preparing their own taxes seek out a professional. Here’s what you need to know about COVID-19 relief laws and your taxes as the May 17 deadline approaches: Stimulus checks People can use their 2020 tax returns to claim...

Duval Countys push for COVID vaccines continues as fully vaccinated hits 220,000 milestone More than 8 million Floridians have now received a vaccine against COVID-19, as statewide vaccination efforts continue against the coronavirus pandemic. So far, the Florida Department of Health reports that 8,370,705 Floridians have received a COVID-19 vaccination, including 5,554,268 who have completed their vaccination series. The states figures do not yet account for the potential rise in vaccination f...

Pause on Johnson & Johnson COVID vaccine in U.S lifted by FDA, use to resume. Johnson & Johnsons COVID vaccine will be made available to the public again, ending an 11-day pause initiated after a rare blood clotting disorder was associated with the shot. The Food and Drug Administration and Centers for Disease Control and Prevention determined the benefits of the J&J vaccine outweighed the risks of keeping it off the market. Out of nearly 8 million who received the vaccine, 15 people have devel...

Melissa Burgess, whose father died in 2018 This is the last piece of the puzzle for my father’s estate. How am I still having to deal with this three years later? Quote icon But Burgess, who lives in Buffalo, New York, is still waiting on her father’s 2017 tax refund from the IRS. And the pandemic has made it even more challenging for her and her sister to get in contact with the agency since it has been overwhelmed by sweeping tax code changes even as it sends stimulus checks to millions.�...