Category: Tax Central

Article Highlights: 2020 RMD Waiver  What Are RMDs?  Distributions Subject to the Waiver  RMD Rollover  Who Qualifies for a Rollover?  As part of the CARES

Article Highlights: Social Security or Railroad Retirees  Children Under Age 17  IRS Non-filer Tool  Before Noon EST April 22  SSI and VA Beneficiaries  If you

Article Highlights: Pandemic Unemployment Assistance  Benefit Extensions  Self-employed Coverage  Taxability  Withholding – Estimated Payments  The CARES Act includes Pandemic Unemployment Assistance (PUA) provisions that extend

President Trump has signed the Paycheck Protection Program and Health Care Enhancement Act (PPP & HCE Act), a $484 billion package which was passed by

Article Highlights: Direct Deposit Stimulus Payments  Reasons You May Not Be Receiving a Stimulus Payment  Stimulus Payment Phase-Out  Payment Schedule by Check  Non-Filers  The IRS

Article Highlights: Deduction for Mortgage Insurance Premiums  Exclusion of Principal Residence Indebtedness Forgiveness Income  Residential Energy Property Tax Credit  Above-the-line Deduction for Tuition & Related

Article Highlights 24/7 Access  Quick Posting  Direct Deposit  Necessary Information  If you have already filed your federal tax return and are due to receive a

If you had filed either your 2019 or 2018 return before the direct deposits were issued, you should already have the money in the bank,

Article Highlights: Foreign Income Exclusion  COVID-19 Interference  Maximum Exclusion  Waivers  Example  The IRS has provided relief for taxpayers who were working abroad and returned to

Article Highlights: Background  How to Compute the Payment  Advance Payments Based on 2019 or 2018 Tax Returns  Advance Payments for Retirees, Disabled and Veterans  Advance