During last year’s legislative session, House Bill 20-1420 helped move us in the right direction, expandingColorado’s EITC from 10 percent of the federal credit to 15 percent. While this is a welcome change, there’s still a lot of progress needed to reform Colorado’s unfair tax code and support working families.
The Missouri Department of Revenue began accepting and processing e-filed state tax returns for tax year 2020 on Friday, February 12, the same day the IRS began accepting and processing federal tax returns for individual filers. As Missourians prepare to file their tax returns, the Department wants to remind customers of some best practices and available resources that can help ensure a smooth tax season.
As a result of the delayed start to income tax filing season, software vendors have been accumulating a large volume of returns. The Department expects to receive around 400,000 returns claiming refunds in the coming days. In most tax seasons, the Department receives a similar volume over a three-week period. Therefore, some customers filing at the beginning of tax season may not receive their refund as quickly as in previous years.
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Feb. 12—Pennsylvania is among the states who have been grappling for months with criminals targeting its unemployment system, but this tax season may show the true scope of the fraud.
Feb. 15—The third round of $1,400 payments would go to single people who earned up to $75,000 and $2,800 would go to couples who earned up to $150,000.