Latest Personal taxes News

FILE - In this Jan. 13, 2021, file photo, health care workers receive a COVID-19 vaccination at Ritchie Valens Recreation Center, Wednesday, Jan. 13, 2021, in Pacoima, Calif. The rapid expansion of vaccinations to senior citizens across the U.S. has led to bottlenecks, system crashes and hard feelings in many states because of overwhelming demand for the shots. (AP Photo/Marcio Jose Sanchez, File)

Vaccines to stimulus checks: Here's what's in Biden plan

Jan. 16, 2021 12:43 AM EST

WILMINGTON, Del. (AP) — President-elect Joe Biden is proposing a $1.9 trillion plan to expand coronavirus vaccinations, help individuals and jump-start the economy. The plan, which would require congressional approval, is packed with proposals on health care, education, labor and cybersecurity. On Friday,...

FILE - In this Jan. 13, 2021, file photo, health care workers receive a COVID-19 vaccination at Ritchie Valens Recreation Center, Wednesday, Jan. 13, 2021, in Pacoima, Calif. The rapid expansion of vaccinations to senior citizens across the U.S. has led to bottlenecks, system crashes and hard feelings in many states because of overwhelming demand for the shots. (AP Photo/Marcio Jose Sanchez, File)

Vaccines to stimulus checks: Here's what's in Biden plan

Jan. 15, 2021 4:40 PM EST

WILMINGTON, Del. (AP) — President-elect Joe Biden is proposing a $1.9 trillion plan to expand coronavirus vaccinations, help individuals and jump-start the economy. The plan, which would require congressional approval, is packed with proposals on health care, education, labor and cybersecurity. On Friday,...

FILE - In this Jan. 13, 2021, file photo, health care workers receive a COVID-19 vaccination at Ritchie Valens Recreation Center, Wednesday, Jan. 13, 2021, in Pacoima, Calif. The rapid expansion of vaccinations to senior citizens across the U.S. has led to bottlenecks, system crashes and hard feelings in many states because of overwhelming demand for the shots. (AP Photo/Marcio Jose Sanchez, File)

Vaccines to stimulus checks: Here's what's in Biden plan

Jan. 14, 2021 6:38 PM EST

WILMINGTON, Del. (AP) — President-elect Joe Biden is proposing a $1.9 trillion plan to expand coronavirus vaccinations, help individuals and jump-start the economy. The plan, which would require congressional approval, is packed with proposals on health care, education, labor and cybersecurity. Here's a...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)

Liz Weston: Start 2021 off strong with these money moves

Jan. 13, 2021 9:26 AM EST

After the train wreck that was 2020, you may well question whether it’s worth trying to plan anything. But knocking off a few financial tasks early in the year can better prepare you for whatever 2021 has in store. FILE YOUR TAX RETURN ASAP Filing your tax return early typically means getting your refund...

FILE - In this April 23, 2020 file photo, President Donald J.Trump's name is printed on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak in San Antonio.  The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. A number of people who filed their taxes with an online preparation service initially found that their economic impact payment did not make it to them directly.   (AP Photo/Eric Gay)

IRS gets more relief payments out after delays

Jan. 12, 2021 2:07 PM EST

The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. The government began distributing the payments, worth $600 per eligible adult and dependent, at the end of December. However, many people who filed their taxes with an online preparation service...

FILE - In this April 23, 2020, file photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio. The U.S. Treasury and IRS have sent out the bulk of the second economic impact payments, which are intended to provide some relief to Americans. However, frustration is high among millions of people who did not receive payments yet and must wait for the mail or file their taxes before they receive it. (AP Photo/Eric Gay, File)

Didn't get your relief payment yet? You aren't alone

Jan. 7, 2021 3:30 PM EST

Didn't get your second relief check yet? You aren't alone. While the IRS and Treasury have distributed the bulk of the anticipated $164 million in second-round of relief payments for Americans faster than the first time, millions have not gotten payments yet or found hiccups in the distribution. The latest...

FILE - In this April 23, 2020, file photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio. A number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account. The IRS and the Treasury Department began issuing the Economic Impact Payments last week of Jan. 1, 2021.   (AP Photo/Eric Gay, File)

Some taxpayers find relief payments sent to wrong account

Jan. 5, 2021 6:17 PM EST

A number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account, forcing them to wait longer for their money. The IRS and the Treasury Department began issuing the Economic Impact Payments last week. The payment...

FILE - In this Oct. 14, 2010 file photo, musician Prince holds a news conference at The Apollo Theater announcing his

IRS says executors undervalued Prince's estate by 50%

Jan. 3, 2021 11:40 AM EST

MINNEAPOLIS (AP) — The ongoing controversy over the money left behind by Prince when he died without a will is heating up again after Internal Revenue Service calculations showed that executors of the rock star's estate undervalued it by 50%, or about $80 million. The IRS determined that Prince’s...

FILE - This Wednesday, Feb. 13, 2019 file photo shows part of a 1040 federal tax form printed from the Internal Revenue Service website, in Zelienople, Pa. Health insurance shoppers who used tax credits to buy coverage in 2020 still have a few weeks left to ward off an unpleasant tax surprise next spring. (AP Photo/Keith Srakocic)

Insurance shoppers: Plan now to trim next spring's tax bill

Dec. 23, 2020 9:48 AM EST

An unpleasant tax surprise may be lurking next spring for some people who bought health insurance this year on the Affordable Care Act’s coverage marketplaces. The problem centers on income, or what shoppers think they will make. People can get help from the government to buy coverage, depending on their...

Editorial Roundup: US

Dec. 23, 2020 9:08 AM EST

Excerpts from recent editorials in the United States and abroad: ___ Dec. 22 The Washington Post on President Donald Trump's final month in office: While Americans prepare to celebrate the holiday season, President Trump and his hardcore supporters are contemplating a turbulent final month that could make the...