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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

TurboTax To Help Millions of Americans Get Their Stimulus Payments with Launch of Free Stimulus Registration Product

April 4, 2020 April 6, 2020 / TurboTaxBlogTeam
TurboTax To Help Millions of Americans Get Their Stimulus Payments with Launch of Free Stimulus Registration ProductAn important question on Americans’ minds right now is “how can I ensure I’ll receive my stimulus check?” That’s why today, TurboTax launched a free, Stimulus Registration product designed to help millions of Americans who are not required to file...

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TurboTax Launches Stimulus Check Calculator

April 2, 2020 April 6, 2020 / TurboTaxBlogTeam
TurboTax Launches Stimulus Check CalculatorAs part of the Coronavirus Aid, Relief and Economic Security Act (CARES) Act — a $2 trillion stimulus package that provides financial relief to individuals, families, and businesses — an advanced tax rebate, or stimulus check, will be provided to...

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

March 27, 2020 April 2, 2020 / TurboTaxBlogTeam
Is the Tax Deadline Delayed? What to Know About Coronavirus (COVID-19) and Your TaxesFederal 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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What the Coronavirus Stimulus Package Means for You

March 27, 2020 April 6, 2020 / TurboTaxBlogTeam
What the Coronavirus Stimulus Package Means for YouToday, 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 April 2, 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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What The Coronavirus Relief and New Tax Deadline Mean for Your IRA Contributions

March 25, 2020 / TurboTaxBlogTeam
What The Coronavirus Relief and New Tax Deadline Mean for Your IRA ContributionsIn 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 April 2, 2020 / TurboTaxLisa
Families First Coronavirus Response Act: Everything Taxpayers Need to Know About the New Relief BillOn 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
4 Key Things You Need to Know About the New 2020 IRS Form W-4 Employee’s Withholding CertificateYou 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
Oscars and the Taxation of “Swag Bags”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
E-File is Now Open: Why You Should File your Taxes EarlyToday, 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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  • Coronavirus Tax Updates Is the Tax Deadline Delayed? What to Know About Coronavirus (COVID-19) and Your Taxes March 27, 2020 April 2, 2020 / TurboTaxBlogTeam
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