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Is the Tax Deadline Delayed? What to Know About Coronavirus (COVID-19) and Your Taxes

March 27, 2020 March 31, 2020 / TurboTaxBlogTeam

Federal Tax Updates (Last Update: 3/27/20) In response to coronavirus, the Treasury, IRS and federal government have announced several changes to the tax filing season and coronavirus relief and stimulus packages. Here is everything you need to know. The federal tax...

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Tax News

What the Coronavirus Stimulus Package Means for You

March 27, 2020 March 31, 2020 / TurboTaxBlogTeam

Today, the 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...

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

March 26, 2020 March 31, 2020 / TurboTaxBlogTeam

In 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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What The Coronavirus Relief and New Tax Deadline Mean for Your IRA Contributions

March 25, 2020 / TurboTaxBlogTeam

In response to Coronavirus (COVID-19), the Treasury and the IRS recently announced changes to the tax deadline. The federal tax filing deadline has been extended to July 15, 2020. Taxpayers getting a refund are encouraged to file their taxes now...

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Families First Coronavirus Response Act: Everything Taxpayers Need to Know About the New Relief Bill

March 19, 2020 / TurboTaxLisa

On Wednesday, March 18, President Trump signed into law, legislation to provide additional relief for individuals impacted by Coronavirus (COVID-19). The COVID-19 legislation, called the Families First Coronavirus Response Act or H.R. 6201, includes relief for individuals, self-employed and businesses. ...

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

February 13, 2020 February 18, 2020 / TurboTaxBlogTeam

You may or may not have heard that the IRS launched a new redesigned Form W-4 used to adjust federal tax withholding, which is effective starting with tax year 2020 taxes (the ones filed in 2021). The IRS created the...

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Oscars and the Taxation of “Swag Bags”

February 5, 2020 / TurboTaxLisa

The outfits are picked, parties planned and the votes for the 2020 Oscar winners will be tallied. This weekend, Hollywood’s nominees will gather for the 92nd Academy Awards ceremony. And while most hopefuls will not be walking away with the...

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E-File is Now Open: Why You Should File your Taxes Early

January 27, 2020 March 24, 2020 / TurboTaxBlogTeam

Today, January 27, the IRS officially kicked off the opening of the 2020 tax season and is now accepting e-filed tax returns. As we all know, some taxpayers wait until the last minute to file their taxes, but if you...

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IRS Announces E-file Open Day! Be the First In Line for Your Tax Refund

January 6, 2020 March 20, 2020 / TurboTaxLisa

Mark your calendars! The IRS confirmed today that they will begin processing tax returns on Monday, January 27, 2020. You can get started now and be first in line for your tax refund! TurboTax is already accepting tax returns and will securely hold them for transmission to the IRS and States once they begin accepting e-file.

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Congress Extends Expired Tax Breaks Helping You Keep More Money in Your Pocket

December 23, 2019 March 16, 2020 / TurboTaxLisa

Last week, the Taxpayer Certainty and Disaster Tax Relief Act of 2019 — which provides tax relief for millions of Americans — was passed by Congress and signed into law by the President. The law extends many already expired provisions...

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The IRS filing deadline has been extended to July 15, 2020, for all taxpayers. See more tax updates related to COVID-19 here.

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