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Taxes 2020: Everything you need to know about filing this year


Taxes 2020: Everything you need to know about filing this year
CNN
1 hr ago
© Shutterstock
Okay, last call.
Next Monday, May 17, is the official deadline for individuals to file their 2020 federal tax return, and in most instances their state tax return, too.
It s a month later than usual, thanks to the pandemic. But the filing deadline s not the only thing that s changed. Many of the upheavals over the past year have caused other changes to your taxes. Due to the Covid crisis, there are plenty of new and revised provisions and important dates you will need to know about before filing your return this year. ....

United States , District Of Columbia , New Mexico , West Virginia , South Carolina , New York , New Hampshire , North Carolina , Rhode Island , New Jersey , South Dakota , North Dakota , Joe Biden , Mark Luscombe , National Taxpayer Advocate Erin Collins , Paycheck Protection Program , Health Savings , Oklahoma June , Health Savings Account , Archer Medical Savings Account , Coverdell Education Savings Account , National Taxpayer Advocate Erin , Recovery Rebate , President Joe , Wolters Kluwer Tax , Earned Income Tax Credit ,

2020 taxes: Everything you need to know about filing this year


2020 taxes: Everything you need to know about filing this year
CNN
2 hrs ago
© Shutterstock
Okay, last call.
Next Monday, May 17, is the official deadline for individuals to file their 2020 federal tax return, and in most instances their state tax return, too.
It s a month later than usual, thanks to the pandemic. But the filing deadline s not the only thing that s changed. Many of the upheavals over the past year have caused other changes to your taxes. Due to the Covid crisis, there are plenty of new and revised provisions and important dates you will need to know about before filing your return this year. ....

United States , District Of Columbia , New Mexico , West Virginia , South Carolina , New York , New Hampshire , North Carolina , Rhode Island , New Jersey , South Dakota , North Dakota , Joe Biden , Mark Luscombe , National Taxpayer Advocate Erin Collins , Paycheck Protection Program , Health Savings , Oklahoma June , Health Savings Account , Archer Medical Savings Account , Coverdell Education Savings Account , National Taxpayer Advocate Erin , Recovery Rebate , President Joe , Wolters Kluwer Tax , Earned Income Tax Credit ,

Tax Day is Monday. Here's what you need to know after a year of pandemic stimulus checks


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Tax Day is Monday. Here s what you need to know after a year of pandemic stimulus checks
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Updated: 10:53 PM EDT May 13, 2021
By Jeanne Sahadi, CNN Business
Tax Day is Monday. Here s what you need to know after a year of pandemic stimulus checks
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Updated: 10:53 PM EDT May 13, 2021
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SOME SAVINGS, BUT SOME CAUSE. AS THE PANDEMIC BROUGHT LIFE AS WE KNEW IT TO A STANDSTILL LAST YEAR, A LOT OF PEOPLE QUICKLY FOUND THEMSELVES IN NEED OF HELP, FREEFALLING, SO CONGRESS TRIED TO SOFTEN THE BLOW USING TAX CHANGES. FIRST, BY LETTING PEOPLE TAKE MONEY OUT OF THEIR 401KS LAST YEAR WITHOUT THE NORMAL 10% TAX PENALTY. BUT THERE IS A CATCH. IF YOU WERE IMPACTED BY COVID. BEN: WHICH MEANS YOU MUST SHOW FINANCIAL IMPACT, YOU CAN’T USE THE MONEY FOR A TRIP OR A HOME RENOVATION. CONGRESS ALSO CHANGED THE RULES ON DONATIONS TO CHARITIES TO HELP PEOPLE IN NEED. ....

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