IR-2021-85, April 13, 2021
WASHINGTON – The Internal Revenue Service today urged low- and moderate-income individuals and families, especially those who don t normally file a tax return, to use IRS Free File to prepare their own federal tax return, e-file it and get a refund – all for free.
This year s federal tax filing deadline for individuals has been postponed to May 17 from April 15.
Free File offers free access to brand-name tax software to anyone who makes $72,000 or less. Already this year, more than 2.96 million individuals and couples have used this online service to file returns and get their share of these valuable benefits.
The IRS is funded almost entirely by annual discretionary appropriations.
[21] For fiscal year 2021, the IRS received appropriated funding totaling $11.9 billion: $5.2 billion for enforcement, $3.9 billion for operations support, $2.6 billion for taxpayer services, and $0.2 billion for business systems modernization. Annual appropriations should remain the foundation of the IRS budget and a key part of any plan to rebuild and modernize the agency.
Funding through appropriations is not only necessary but also desirable because of the oversight and accountability the annual appropriations process brings. The House and Senate Appropriations committees require detailed information from the IRS about its operations, performance, and funding needs. Each year the IRS Commissioner and the Treasury Secretary typically appear before the relevant appropriations subcommittees, explain what the IRS did with its previous budget, and present their request for the coming fiscal year. When needed,
Residents eligible for the third-round stimulus checks of $1,400 will soon receive the money after Guam s plan was approved by federal officials.
The Department of Revenue and Taxation announced in a release early Saturday morning that Guam s plan was approved by the Internal Revenue Service and the U.S. Treasury. The IRS and U.S. Treasury approved $241 million for Guam s third round of stimulus checks, with 90% to be transferred to the government of Guam.
Gov. Lou Leon Guerrero said final approval of the plan was received just a little after midnight Guam time and she and Lt. Gov. Josh Tenorio are pleased Rev and Tax can move forward in processing payments as soon as funds are received.
What is a plus up stimulus check? Share Updated: 12:31 PM MDT Apr 12, 2021 By WGAL Share Updated: 12:31 PM MDT Apr 12, 2021
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Show Transcript CONSUMER REPORTER BRIAN ROCHE TELLS US MORE. SO, THESE PLUS-UP PAYMENTS AS THEY ARE BEING CALLED ARE A VERY PLEASANT SURPRISE FOR SOME PEOPLE WHO HAVE ALREADY RECEIVED STIMULUS MONEY. BUT NOW THEY ARE ELIGIBLE FOR MORE MONEY AFTER THEIR 2020 TAX RETURNS HAVE BEEN PROCESSED. ACCORDING TO THE IRS, YOU COULD GET A PLUS-UP PAYMENT IF YOU HAD A DECLINE IN INCOME IN 2020 COMPARED TO 2019 OR YOU ADDED A NEW DEPENDENT. I KNOW SOMEONE WHO HAD TWINS IN 2020 AND JUST GOT THEIR PLUS UP PAYMENT. ON THE OTHER HAND, I KNOW THERE ARE MANY OF YOU OUT THERE STILL WAITING FOR YOUR LATEST STIMULUS PAYMENT. THE FIRST THING TO REMEMBER THAT REMEMBER IS THAT NOT ALL THE PAYMENTS WENT OUT AT ONCE LAST MONTH. THE TREASURY DEPARTMENT HAS ANNOUNCED THE $1400 PAYMENTS FOR SOCIAL SECURITY AND OTHER FEDERAL BENE
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