New Coronavirus Relief Package Passed: What Does it Mean for You and a Second Stimulus Check

A second stimulus could be coming for millions of Americans. The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 – a $900B relief package to deliver the second round of economic stimulus for individuals, families, and businesses was passed by the house and senate yesterday and is expected to…Read More

IRS National Economic Impact Payment Registration Day: Here’s What You Need to Know

You might not have heard about the National Economic Impact Payment Registration Day recently announced by the IRS. Whether or not you heard of the day, TurboTax is here to answer some key questions about National Impact Payment Registration Day like: “What is Economic Impact Payment Registration Day?” “When is…Read More

IRS Announces Tax Relief for Victims of Oregon Wildfires

This 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 postpones various tax filing and payment deadlines that occurred starting…Read More

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

These 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 loss or being furloughed. To help provide relief for those…Read More

IRS Announces Tax Relief for Victims of Hurricane Laura

Following 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 Davis and Vernon parishes in Louisiana. Taxpayers in localities added…Read More