If you haven’t filed your 2020 tax return, are you still dealing with complexities created when RMDs (required minimum distributions) were waived for 2020? RMDs are mandated distributions (withdrawals ...

Peter is a writer and editor for the CNET How-To team. He has been covering technology, software, finance, sports and video games since working for @Home Network and Excite in the 1990s. Peter managed ...

A broad range of tax and information returns for 2019 and 2020 tax years will receive automatic relief from failure-to-file penalties, under Notice 2022-36 released by the IRS Wednesday. The estimated ...

Millions of people were entitled to exclude up to $10,200 in 2020 unemployment benefits from income. Since the change came after tax season opened, the IRS said it would auto-correct early returns. It ...

The IRS posted guidance on Thursday about how to report the deferral of withholding, depositing, and paying of certain payroll tax obligations, as authorized by the Aug. 8, 2020, presidential ...

Many retirees and people who took Covid-related retirement plan distributions might need some extra time to work through their 2020 tax returns. Those who took distributions from traditional IRAs at ...

The first two rounds of Economic Impact Payments (EIPs) were, according to the IRS, “advance payments of the 2020 Recovery Rebate Credit.” If you did not receive your stimulus payments, claim them now ...

The Internal Revenue Service says taxpayers should expect limited face-to-face operations, heavy call volume and paper-processing delays as it opens today for tax season 2021, accepting tax returns ...

The IRS started processing 2020 tax returns on Feb. 12, and federal tax returns will be due May 17 due to an extension the IRS approved. File for your missing money from the first and/or second ...

WASHINGTON — The Verify team exists to give you the answers, and with tax season here and new coronavirus relief aid, there have been a lot of questions. With a new May 17 deadline to file, preparing ...

This year will undoubtedly be the first time some New Yorkers learn about paying taxes on unemployment benefits. The challenges of the COVID-19 pandemic meant 2020 was the first time some Gen Z ...