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Stay up to date on the latest IRS news related to tax laws, announcements, refund timing, and key dates with the help of TurboTax.

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Tax News

California Golden State Stimulus

July 14, 2021 / TurboTaxBlogTeam
California Golden State StimulusGolden State Stimulus II (GSS II) July 14, 2021:  On July 13, California signed the Golden State Stimulus II, a $100 billion budget deal that will include a second round of California stimulus payments. Qualifying individuals with incomes between $30,000...

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Tax News

Requirement to Repay Excess Advance Payment of the 2020 Premium Tax Credit is Suspended

April 27, 2021 (Last Modified: May 11, 2021) / TurboTaxLisa
Requirement to Repay Excess Advance Payment of the 2020 Premium Tax Credit is SuspendedUnder the American Rescue Plan Act of 2021, the requirement that taxpayers pay back a portion or all of their excess advance payment of the Premium Tax Credit (excess APTC) for tax year 2020 has been suspended. A taxpayer’s excess...

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Tax News

What is My State Tax Deadline? What to Know About Coronavirus and State-Specific Tax Year 2020 Tax Deadlines

April 2, 2021 (Last Modified: April 15, 2021) / TurboTaxBlogTeam
What is My State Tax Deadline? What to Know About Coronavirus and State-Specific Tax Year 2020 Tax DeadlinesTax Year 2020 Filing and Payment Deadline Information  In response to the impact Coronavirus has been having on Americans, the IRS, and most state departments of revenue have extended the tax filing deadline for tax year 2020 (the taxes you...

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Tax News

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

March 30, 2021 (Last Modified: April 1, 2021) / 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 tax year 2020 federal tax filing deadline to May 17, 2021. Taxpayers getting a refund are encouraged to...

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Tax News

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

March 30, 2021 (Last Modified: March 31, 2021) / TurboTaxLisa
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 May 17, 2021. Taxpayers getting a refund are encouraged to file their taxes now...

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Tax News

Where’s My Third Stimulus Check?

March 22, 2021 (Last Modified: May 28, 2021) / TurboTaxKat
Where’s My Third Stimulus Check?A third round of stimulus checks is on the way for millions. The American Rescue Plan, a new COVID relief bill, was signed into law on March 11, 2021. The bill includes a third round of stimulus payments for millions...

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Tax News

American Rescue Plan: What Does it Mean for You and a Third Stimulus Check

March 18, 2021 (Last Modified: June 7, 2021) / TurboTaxLisa
American Rescue Plan: What Does it Mean for You and a Third Stimulus CheckMarch 12: The IRS has begun distributing stimulus payments and we expect eligible people could receive their stimulus payments as early as next week (March 17th). We anticipate that the IRS Get My Payment tool will be updated next week. ...

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Self-Employed

What the Coronavirus Relief Means for Self-Employed Taxpayers

March 18, 2021 / TurboTaxBlogTeam
What the Coronavirus Relief Means for Self-Employed TaxpayersIn response to coronavirus, the Treasury, IRS, and federal government have announced several coronavirus relief and stimulus packages for individuals, the self-employed workers and businesses. If you’re self-employed, here’s everything you need to know about what the Coronavirus Aid, Relief,...

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Tax News

Am I Getting a State Stimulus Check?

February 23, 2021 / TurboTaxBlogTeam
Am I Getting a State Stimulus Check?You may have been hearing some buzz about some states passing COVID-19 relief bills that include stimulus payments. We know how important these funds are to you and want to make it as easy as possible for you to understand...

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Tax Refunds

What To Expect When You’re Expecting…a Tax Refund

February 19, 2021 / TurboTaxBlogTeam
What To Expect When You’re Expecting…a Tax RefundReady for your tax refund? You’re not alone! Close to 75% of taxpayers received a federal direct deposit tax refund close to $3,000 last year! TurboTax is now accepting tax returns, which means you’re one step closer to receiving your...

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