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TurboTax News

#LittleLifts: A Little Lift for Jose

April 9, 2021 / TurboTaxBlogTeam
#LittleLifts: A Little Lift for JoseFrom taking on side gigs, to freelancing or launching new businesses, millions of small business owners are finding new ways to make ends meet. This tax season, TurboTax Live gave one dedicated family man and small business owner a little...

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Tax Deductions and Credits

What is the 2021 Child Tax Credit Under Stimulus Relief?

April 8, 2021 (Last Modified: April 9, 2021) / TurboTaxKat
What is the 2021 Child Tax Credit Under Stimulus Relief?More families will now be eligible for the Child Tax Credit.  The recently passed third stimulus relief package, known as the American Rescue Plan, expanded the Child Tax Credit. Beginning with your tax year 2021 taxes (the ones filed in...

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TurboTax News

#LittleLifts: A Little Lift for Julz

April 8, 2021 / TurboTaxBlogTeam
#LittleLifts: A Little Lift for JulzIn 2020, small business owners and solopreneurs adapted to new challenges by transitioning to virtual services and finding new ways to give back to their communities. This tax season, TurboTax Live gave one innovative salon owner a little lift, with...

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Tax Planning

I Was Temporarily Furloughed and Then Came Back to Work, What Does That Mean for My Taxes?

April 8, 2021 / Ginita Wall, CPA, CFP®
I Was Temporarily Furloughed and Then Came Back to Work, What Does That Mean for My Taxes?When COVID-19 struck, millions of people unfortunately lost their jobs. Some were laid off, and others were furloughed. Many are still facing unemployment, lay offs, or furloughs. You may be wondering, what’s the difference between being laid off or furloughed?...

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TurboTax News

#LittleLifts: A Little Lift for Ricky

April 7, 2021 (Last Modified: April 8, 2021) / TurboTaxBlogTeam
#LittleLifts: A Little Lift for Ricky2020 changed the lives of small business owners, requiring them to adapt to new challenges by transitioning to virtual services and finding new ways to give back to their communities. This tax season, TurboTax Live gave one passionate youth motivational...

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Tax Refunds

File Your Taxes: You May Have Unclaimed Refunds Waiting

April 7, 2021 / TurboTax Blog Team
File Your Taxes: You May Have Unclaimed Refunds Waiting

Did you know that each year the IRS has upwards of a billion dollars in unclaimed tax refunds? That’s right, a billion dollars of money that is owed to taxpayers across the country. How does this happen?

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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 7, 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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TurboTax News

Little Lifts Go A Long Way

April 1, 2021 (Last Modified: April 5, 2021) / TurboTaxBlogTeam
Little Lifts Go A Long WayThe past year has been taxing… to say the least. The changes we’ve experienced — and the challenges that we’ve faced along the way — have provided plenty of life lessons and a renewed appreciation for the moments that brighten...

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Tax Planning

Your Guide to Filing Taxes in 2021

April 1, 2021 / TurboTaxKat
Your Guide to Filing Taxes in 2021At this point you probably would like to put 2020 behind you. But as with every year, the last thing lingering to get done is your taxes with the filing season here. This tax season however, there are changes to...

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Tax News

Unemployment Stimulus: Am I Eligible for the New Unemployment Income Relief?

April 1, 2021 (Last Modified: April 5, 2021) / TurboTaxKat
Unemployment Stimulus: Am I Eligible for the New Unemployment Income Relief?The recently passed third stimulus relief package, known as the American Rescue Plan, expands federal unemployment benefits and provides tax free unemployment benefits.   If you received unemployment benefits, TurboTax is here to help you understand what all of this means...

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