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Tax Relief

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Tax News

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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Tax Planning

What is Payroll Tax?

March 13, 2020 July 27, 2020 / TurboTaxLisa
What is Payroll Tax?If you’re an employee you’re probably used to getting a regular paycheck every week or twice a month, but you most likely don’t pay attention to what’s being deducted from your income unless you see a change or fluctuation in...

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Family

Happy National Children’s Day! Here’s What Having a Child Means For Your Taxes

June 9, 2019 July 24, 2019 / Ginita Wall, CPA, CFP®
Happy National Children’s Day! Here’s What Having a Child Means For Your TaxesWhether your child is a newborn or a teenager almost ready to head off to college, children have an impact on your taxes. Here are some of the things you should know. Get That Number You probably were given a...

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Tax Reform

Government Shutdown Averted and Tax Provisions Providing Tax Relief Passed

February 9, 2018 July 23, 2019 / TurboTaxBlogTeam
Government Shutdown Averted and Tax Provisions Providing Tax Relief PassedToday, Congress passed the Bipartisan Budget Act of 2018, averting a government shutdown and providing tax relief for millions of Americans. The President signed it into law soon afterward. The law includes special tax relief for certain disaster victims, the...

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Tax Deductions and Credits

Save with a New Tax Relief Donation Law and Holiday Giving

November 13, 2017 July 23, 2019 / TurboTaxLisa
Save with a New Tax Relief Donation Law and Holiday GivingAs the holiday season quickly approaches, the giving season is also upon us, as many of us feel encouraged to donate during the last few months of the year. This year, in the wake of the recent devastation caused by...

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Tax News

IRS Gives Tax Relief to Victims of California Wildfires

October 13, 2017 March 9, 2020 / TurboTaxLisa
IRS Gives Tax Relief to Victims of California WildfiresAfter the recent destruction caused by the California Wildfires, the IRS announced today that individuals and businesses have until January 31, 2018 to file certain individual and business tax returns and make certain tax payments. This includes an additional filing...

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Tax News

Hurricane Victims Get Additional Relief with the Disaster Tax Relief and Airport and Airway Extension Act of 2017

October 12, 2017 August 23, 2019 / TurboTaxLisa
Hurricane Victims Get Additional Relief with the Disaster Tax Relief and Airport and Airway Extension Act of 2017Following the devastation left from Hurricanes Harvey, Irma, and Maria, the Disaster Tax Relief and Airport and Airway Extension Act of 2017 was recently signed into law. The bill provides relief, in addition to the already extended tax deadlines provided...

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Tax News

IRS Gives Tax Relief to Victims of Hurricane Harvey and Hurricane Irma

September 15, 2017 August 23, 2019 / TurboTaxLisa
IRS Gives Tax Relief to Victims of Hurricane Harvey and Hurricane IrmaFollowing the recent destruction caused by Hurricane Harvey and Hurricane Irma, the IRS has announced tax relief for victims of Hurricane Harvey in parts of Texas and victims of Hurricane Irma in parts of Florida, Puerto Rico and the Virgin...

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Tax Planning

Tax Relief for Mississippi and Texas Storm Victims

May 13, 2016 July 12, 2019 / TurboTaxBlogTeam
Tax Relief for Mississippi and Texas Storm VictimsFollowing the multiple disasters in Mississippi over the last year, and recent floods in the Houston, Texas, the Federal Management Agency (FEMA) has declared these disaster areas. As a result, IRS is providing tax relief to victims in these areas, including:...

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Health Care

Uninsured This Tax Season? See How You Can Save Money with Exemptions

March 10, 2016 July 23, 2019 / TurboTaxBlogTeam
Uninsured This Tax Season? See How You Can Save Money with ExemptionsIf you didn’t have health insurance in 2015, you might now owe a penalty on your taxes for not being covered. However, about 70% of uninsured Americans may qualify for an exemption from the tax penalty on their 2015 taxes....

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