Why Is the IRS Sending Tax Returns So Late? You Might Be to Blame
These potentially sizeable payments were expected to start landing in eligible bank accounts last month but apparently, most Americans are still left sitting empty-handed.
Here s What You Need to Remember: Current estimates indicate that for a single taxpayer who is eligible for the $10,200 tax break and is in the 22 percent tax bracket, they would receive $2,200. For married couples, that figure would double.
It appears that the Internal Revenue Service is once again mired in a no-win situation.
Much like the hiccups-filled disbursement of millions of coronavirusstimulus checks over the past year, Americans who have yet to receive their tax refunds from 2020 unemployment benefits are taking out their frustrations on the tax agency.
Are You to Blame for Delay in Unemployment Tax Refunds?
With so many eligible taxpayers not seeing a dime from the federal government, did Americans miss completing a certain step to claim the funds?
It appears that the Internal Revenue Service is once again mired in a no-win situation.
Much like the hiccups-filled disbursement of millions of coronavirusstimulus checks over the past year, Americans who have yet to receive their tax refunds from 2020 unemployment benefits are taking out their frustrations on the tax agency.
These potentially sizeable payments were expected to start landing in eligible bank accounts last month but apparently, most Americans are still left sitting empty-handed. Some have even called out the IRS for staying mostly silent on the issue, though it has provided a few updates. The agency has also hinted that married couples who file a joint tax return may have to wait even longer than individual taxpayers due to the higher complexity of calculating their
Tomorrow Is Tax Day: When Will Your Refund Come? What If You Owe the IRS?
The official deadline to file a 2020 federal tax return is just one day away, on Monday, May 17. Although it’s nearly a month after the usual deadline, millions of people have still not filed their taxes.
The official deadline to file a 2020 federal tax return is just one day away, on Monday, May 17.
Although it’s nearly a month after the usual deadline, millions of people have still not filed their taxes.
And with the coronavirus crisis, the federal government has made several tax changes, with amended provisions and dates that every taxpayer should be aware of.