U.S. taxpayers, brace yourselves because tax filing season starts Monday and you can expect the task to be more cumbersome than usual this year.
Financial expert Humphrey Yang answers tax return questions and walks us through what to do if you need to file an extension.WASHINGTON -- Count 30-year-old Ethan Miller among that subset of Americans who are actually eager to file theirThe financial planner who lives in Silver Spring, Maryland, is looking forward to claiming the new deductions that will come from buying a home.
She stressed that the problems predate the Biden administration and she urged understanding for beleaguered workers already saddled with huge backlogs. “It’s going to take some work, it’s going to take some time and I think people need to understand that they need funding,” Psaki said. During the 2020 budget year, the IRS processed more than 240 million tax returns and issued roughly $736 billion in refunds, including $268 billion in stimulus payments, according to the latest IRS data. In that same time frame, 59.5 million people called or visited an IRS office.
Williamson said he advises his clients to file electronically, and those who expect hefty refunds in the tens of thousands should expect greater delays. Most backlogged returns were filed on paper and are amended returns. On Thursday, the IRS released a list of “ Top 5 Things to Remember,” with suggestions for taxpayers on what documents to pull together and what to do if their 2020 returns still have not been processed.
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Taxpayers face overloaded IRS as filing season opens MondayCount 30-year-old Ethan Miller among that subset of Americans who are actually eager to file their taxes once income tax filing season opens on Monday. In that same time frame, 59.5 million people called or visited an IRS office.
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Taxpayers face overloaded IRS as filing season opens MondayCount 30-year-old Ethan Miller among that subset of Americans who are actually eager to file their taxes once income tax filing season opens on Monday. In that same time frame, 59.5 million people called or visited an IRS office.
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