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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 Announces Tax Relief for Victims of Hurricane Sally

September 26, 2020 (Last Modified: September 29, 2020) / TurboTaxLisa
IRS Announces Tax Relief for Victims of Hurricane SallyHurricane season is unfortunately upon us and if you were a victim of the recent Hurricane Sally or any natural disasters, we want you to know TurboTax is here for you and we want to keep you up to date...

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Tax News

IRS Announces Tax Relief for Victims of Oregon Wildfires

September 17, 2020 (Last Modified: September 29, 2020) / TurboTaxLisa
IRS Announces Tax Relief for Victims of Oregon WildfiresThis week, the IRS announced victims of the Oregon Wildfires and straight-line winds that began on September 7, now have until January 15, 2021 to file various individual and business tax returns and make certain tax payments. The tax relief...

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Tax News

Tax Tips for Unemployment Income If You’ve Been Laid Off or Furloughed

September 11, 2020 / TurboTaxLisa
Tax Tips for Unemployment Income If You’ve Been Laid Off or FurloughedThese are unprecedented times and many Americans are struggling financially — unfortunately, unemployment rates have been steadily increasing with Americans filing more than 40 million claims for jobless benefits and the national unemployment rate exceeding 14 percent due to job...

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Tax News

IRS Announces Tax Relief for Victims of Hurricane Laura

September 1, 2020 (Last Modified: September 8, 2020) / TurboTaxLisa
IRS Announces Tax Relief for Victims of Hurricane LauraFollowing the recent destruction caused by Hurricane Laura, the IRS announced tax relief for those impacted and in any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance. This includes Allen, Beauregard, Calcasieu, Cameron, Jefferson...

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Tax News

IRS Announces Tax Relief for Victims of the Latest California Wildfires

August 25, 2020 (Last Modified: August 27, 2020) / TurboTaxLisa
IRS Announces Tax Relief for Victims of the Latest California WildfiresThis week, the IRS announced that victims of the California Wildfires that began on Aug. 14, now have until Dec. 15, 2020 to file various individual and business tax returns and make certain tax payments. The tax relief postpones various...

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Tax News

Coronavirus Relief Update: Executive Orders Signed Offering More Relief

August 13, 2020 (Last Modified: September 2, 2020) / TurboTaxLisa
Coronavirus Relief Update: Executive Orders Signed Offering More ReliefPresident Trump signed four executive orders related to coronavirus relief. The four executive orders are intended to deliver relief through a range of measures, including expanded unemployment insurance, payroll tax deferment, student loan relief and a moratorium on evictions. You...

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

July 14, 2020 (Last Modified: 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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Tax News

What the Coronavirus Stimulus Package Means for You

May 11, 2020 (Last Modified: October 19, 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 (Last Modified: October 19, 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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Tax News

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

May 6, 2020 (Last Modified: 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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