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IRS says stimulus payments will begin next week

The Internal Revenue Service said Friday that some stimulus payments will start going out next week. Full story here.

The Internal Revenue Service said Friday that some stimulus payments will start going out next week, starting with people who have filed tax returns for 2018 or 2019 and authorized direct deposit.The first round of direct-deposit payments will be made automatically to qualifying taxpayers.

Social Security beneficiaries will also receive their payments automatically. Those payments will go out…

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Stimulus Check Deposit Schedule

After passing the $2T Economic Stimulus deal, many americans are left asking when they will receive their 2020 Stimulus Check.

The Treasury Department and IRS today announced that distribution of economic impact payments will begin in the next three weeks and that they will be distributed automatically, with no action required for most people. See IR 2020-61. However, some seniors and others…

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Mnuchin lays out when Americans can expect their coronavirus rescue package checks

Treasury Secretary Steven Mnuchin said in a Sunday morning interview that qualifying Americans can expect to see their $1,200 checks deposited into their accounts “within three weeks.”

Mnuchin, who played a lead role in the $2 trillion bill’s passage, told CBS’ “Face the Nation,” that there will be an online system created so Americans who are not signed up, can do so and skip waiting for a…

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6 key questions about the stimulus: How and when do I get my stimulus check?

Congress is gearing up to vote on its largest emergency aid package in US history in order to respond to the coronavirus outbreak and its economic fallout. But the legislation has raised plenty of questions as lawmakers race to nail down specific language. Here are at least a few answers based on CNN’s reporting:

How and when do I get my stimulus check?

President Donald Trump and Treasury…

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White House, Senate reach historic $2 trillion stimulus deal

To jumpstart the economy, the Senate and White house have reached a historic $2,000,000,000 stimulus deal. The only step left will be House approval.

To jumpstart the economy, the Senate and White house have reached a historic $2,000,000,000 stimulus deal

The White House and Senate leaders struck a major deal early Wednesday morning over a $2-trillion package to provide a jolt to an economy struggling amid the coronavirus pandemic, capping days of marathon negotiations that produced one of the most expensive and far-reaching measures in the…

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Stimulus 2020

What we know so far about the Stimulus 2020. See the latest news on the Trump Stimulus Package to deal with economic impact of the Coronavirus.

What we know so far about the Stimulus 2020

Steven Mnuchin, U.S. Treasury secretary, speaks during a news conference in the briefing room of the White House in Washington, D.C., U.S., on Saturday, March 14, 2020.

We will be updating this post daily as information regarding the 2020 Stimulus Package becomes available.

03/19/2020 Trump wants direct payments of $1,000 for adults, $500 for…

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No Tax Delay on 2020 Tax Refunds Expected

We know that the IRS is delaying tax payments for those who owe in 2020. More details below on this.

The important thing to know is that as of right now, there is no plans to delay 2020 tax refunds. As in the money the IRS/Treasury owes to you will not be delayed as of right now.

As a note, make sure you are doing everything you can to get your tax refund quickly. Right now the IRS is still…

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The IRS just announced the first day to receive federal tax refunds 2020

The IRS just announced the first day to receive federal tax refunds 2020

The IRS just announced the first day to receive federal tax refunds 2020

The Internal Revenue Service just announced the official opening day for the 2020 IRS tax season to be January 27th, 2020. This is when the IRS will begin accepting 2019 Tax Returns for individuals. You have until April 15 to file your return and pay your tax bill.

Want to see when you will get back your 2020 Tax…

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IRS cracking down on companies like TurboTax, could hurt you more than them.

IRS cracking down on companies like TurboTax, could hurt you more than them.

Early data from the 2019 tax season showed an increase in people using Free File.

Who is eligible and how does it work?

There are two types of Free File. For those making an adjusted gross income of $69,000 or less, the IRS has partnered with 12 companies as part of the Free File Alliance.

💲 Adjusted Gross Income (AGI), according to the IRS, is defined as gross income minus adjustments…

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IRS specifies tax treatment policy on Bitcoins

Did you buy or sell bitcoin in 2019? Be ready to pay taxes for it in 2020. More details here

Did you buy or sell bitcoin in 2019? Be ready to pay taxes for it in 2020.

On Oct. 9, the IRS released a ruling and a frequently-asked-questions document that provides updated direction about the tax obligations for cryptocurrency users.

In the past, all digital assets were taxed as property, a broad distinction that taxed all cryptos as a singular asset class, irrespective of use case or…

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2020 IRS Refund Schedule for your 2019 Tax Return

2020 IRS Refund Schedule for your 2019 Tax Return

2020 IRS Refund Schedule for your 2019 Tax Return. IRS Refund Cycle Chart 2020

We have all the news and information about the 2020 IRS Refund Schedule. Read below for the disclaimer on Refund Schedule 2020. irs refund schedule 2020.

Were you looking for our 2019 IRS Refund Schedule here?

This is the schedule for 2020 IRS Refund Cycle Chart for Tax Year 2019. First day to file in 2020not…

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Tax Reform 2020 - Tax Reform Individual Tax Rate Schedule

Tax Reform 2020 – Tax Reform Individual Tax Rate Schedule

Child Tax Credit increases, no more personal tax exemption, no more educator expenses, no more alimony tax deduction, tax rate changes, and much more.

Scroll down for the Tax Reform Individual Tax Rate Schedule.

See all the changes to your 2020 Tax Refund – 2019 Tax Return.

Increases the Child Tax Credit: The Child Tax Credit is increased from $1,000 to $2,000 per child (first $1,400 is…

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National Emergency Tax Refund Impact 2019

National Emergency Tax Refund Impact 2019

How will a National Emergency impact your Tax Refund in 2019? We will breakdown how it has impacted Tax Refunds in the past.

President Trump declares a National Emergency to have wall built. “President Trump said he’ll sign the final paper work to declare a national emergency to fund his wall as soon as he gets back to his office — and he’s already anticipating a legal challenge. ” -CNN

We…

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Potential Tax Delay Alert: IRS Employees skipping work

Potential Tax Delay Alert: IRS Employees skipping work #tax

There is a potential tax delay right now. Hundreds of IRS employees are skipping work which could lead to your tax refund being delayed in 2019.

For details on our expected tax refund dates, check out the 2019 Refund Schedule here.

Hundreds of Internal Revenue Service employees have received permission to skip work during the partial government shutdown due to financial hardship, and union…

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Where's My Refund Message "We cannot provide any information"

Where's My Refund Message "We cannot provide any information" Reference number 9001 #tax

What does the message mean “We cannot provide any information” ? What does IRS Reference number 9001 stand for?

We have been getting this question so much, so we decided to answer it on our web-page. The Where’s My Refund message “We cannot provide any information” simply means that your refund has been received and most likely processed, but the IRS is not updating any statuses until after the

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2019 Tax Schedule for 2018 IRS Tax Refunds

2019 Tax Schedule for 2018 IRS Tax Refunds

Find out when to expect your 2019 IRS Tax Refund with our 2019 Tax Schedule for Tax Season 2018. Plan for your 2019 Tax Refund on your 2018 Tax Return now. (more…)

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IRS recall 46k workers to deal with 2019 tax refunds

IRS recall 46k workers to deal with 2019 tax refunds

IRS recall 46k workers to deal with 2019 tax refunds. Details below:

The Internal Revenue Service is recalling about 46,000 of its employees furloughed by the government shutdown — nearly 60 percent of its workforce — to handle tax returns and pay out refunds. The employees won’t be paid.

With the official start of the tax filing season coming Jan. 28, the Trump administration has promised…