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If you didn't file a tax return amid the worst of the Covid-19 pandemic and believe you're eligible for a refund, the Internal Revenue Service wants to hear from you.
Taxpayers filing their 2022 tax returns this year, they must itemize using the Schedule A form to deduct any charitable contributions. The above-the-line deduction has been eliminated.
“This backlog goes back to the end of 2020 and is due to issues caused by the COVID pandemic, specifically, a much smaller IRS staff and past office closures due to quarantine.”
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [ 1 ] First proposed on ...
The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations ...
April 18: TAX DAY IS HERE — and for the third year straight, it will arrive after its regularly scheduled date of April 15. The previous two delays in 2020 and 2021 were pandemic-related.
The Coronavirus Job Retention Scheme (CJRS) was a furlough scheme announced by Rishi Sunak, the Chancellor of the Exchequer, on 20 March 2020, during the COVID-19 pandemic in the United Kingdom. [ 1 ] The scheme was announced as providing grants to employers to pay 80% of a staff wage and employment costs each month, up to a total of £2,500 ...
But the agency has run into a massive backlog since the beginning of the COVID-19 pandemic, caused by a combination of staff shortages and more complex returns that include federal stimulus ...