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Tax News

Whether you’re looking for IRS announcements, industry updates or new tax laws, stay up to date with the help of TurboTax.

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Tax News

IRS Provides Tax Relief for Tornado Victims in Parts of Mississippi, Tennessee, and South Carolina

July 14, 2020 July 16, 2020 / TurboTaxLisa
IRS Provides Tax Relief for Tornado Victims in Parts of Mississippi, Tennessee, and South CarolinaThe IRS announced that victims of the April tornadoes, severe storms and flooding that occurred in certain areas of Mississippi, Tennessee and South Carolina will now have until October 15 instead of July 15 to file tax year 2019 federal...

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What the Coronavirus Stimulus Package Means for You

May 11, 2020 May 28, 2020 / TurboTaxBlogTeam
What the Coronavirus Stimulus Package Means for YouThe Coronavirus Aid, Relief and Economic Security Act (CARES) — a $2 trillion stimulus package to provide financial relief to individuals, families and businesses — was signed into law. The 2020 coronavirus stimulus package will deliver relief through a range...

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Where’s My Stimulus Check? How to Check the Status of Your Stimulus Check

May 7, 2020 May 28, 2020 / TurboTaxBlogTeam
Where’s My Stimulus Check? How to Check the Status of Your Stimulus CheckThe IRS is continuing to send stimulus payments to eligible Americans across the United States. Stimulus payments will be based on your 2019 tax return, or your 2018 tax return if you have not yet filed this season. The IRS...

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4 Key Things You Need to Know About the New 2020 IRS Form W-4 for Employee Withholding

May 6, 2020 July 27, 2020 / TurboTaxLisa
4 Key Things You Need to Know About the New 2020 IRS Form W-4 for Employee WithholdingYou may or may not have heard that the IRS launched a newly redesigned Form W-4 used to adjust federal tax withholding, which is effective starting with the tax year 2020 (the taxes you file in 2021). The IRS created...

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What is My State Tax Deadline? What to Know About Coronavirus and State-Specific Tax Deadlines

May 6, 2020 May 14, 2020 / TurboTaxBlogTeam
What is My State Tax Deadline? What to Know About Coronavirus and State-Specific Tax DeadlinesIn response to Coronavirus, the Treasury, IRS, federal and state governments have announced changes to the 2019 tax filing deadline. The federal tax deadline has been extended to July 15, 2020. While a majority of states’ filing deadlines have been...

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What Coronavirus Relief Means for College Students and Grads

May 1, 2020 May 13, 2020 / Jim Wang
What Coronavirus Relief Means for College Students and GradsCoronavirus has significantly changed the way we currently live our lives. My wife is a professor at the University of Maryland and she’s seen first hand the impact it’s had on the university. Many of the classes are now online...

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Am I Required to File My Taxes to Get a Stimulus Check?

April 14, 2020 July 27, 2020 / TurboTaxLisa
Am I Required to File My Taxes to Get a Stimulus Check?Under the recently passed Coronavirus Aid, Relief and Economic Security Act (CARES), stimulus checks are set to be issued to individuals to provide financial relief.   According to the IRS, approximately 80% of Americans will be eligible to receive full or...

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How Does Coronavirus (COVID-19) Relief and the Tax Deadline Extension Affect My Tax Payments?

April 13, 2020 May 28, 2020 / TurboTaxBlogTeam
How Does Coronavirus (COVID-19) Relief and the Tax Deadline Extension Affect My Tax Payments?In response to Coronavirus (COVID-19), the Treasury and IRS have announced that the federal tax filing deadline has been extended to July 15, 2020 – including an extension to pay. The Treasury and IRS also recently announced that taxpayers can...

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How to Estimate Your Stimulus Payment [Infographic]

April 10, 2020 May 13, 2020 / TurboTaxBlogTeam
Hearing about the Coronavirus Aid, Relief and Economic Security (CARES) Act and other COVID-19 relief efforts and wondering how much money you’ll receive from a stimulus payment? We’ve pulled together a simple infographic that can help you quickly estimate the...

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Your Top Tax Questions About Coronavirus (COVID-19), Answered

April 10, 2020 May 28, 2020 / TurboTaxBlogTeam
Your Top Tax Questions About Coronavirus (COVID-19), AnsweredIn response to coronavirus, the Treasury and IRS have announced several changes to the tax filing season, including an extension of the federal tax filing deadline to July 15, 2020. Taxpayers getting a refund are encouraged to file their taxes...

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  • When are the coronavirus stimulus checks coming out? Where’s My Stimulus Check? How to Check the Status of Your Stimulus Check May 7, 2020 May 28, 2020 / TurboTaxBlogTeam
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