income taxes Your 2020 Taxes: What to Know If You Filed for Unemployment Last Year There are only weeks to go before the 2021 tax filing deadline. And while income taxes are always confusing, you may have even more questions than usual this year — especially if you filed for unemployment during the pandemic. Patrick Hedger of the Taxpayers Protection Alliance joined LX News to explain what you need to know.
taxes This Is the Year to File Your Taxes Early This isn’t the year to procrastinate on your taxes. After two rounds of stimulus, you may find that you are entitled to some additional money through the Recovery Rebate Credit. Or, for some people who claimed unemployment, you may find that you owe taxes on that income. Either way, CNBC’s Sharon Epperson says filing early will help you budget for...
taxes Can You Deduct Work-From Home Expenses and More of Your Burning Tax Questions Answered Tax season is upon us, and we know that comes with a lot of questions. So we got Lisa Greene-Lewis, a tax expert with TurboTax, to play a game of “True and False” with LX Host Nik Z to tackle some of the big ones.
period poverty Period Poverty and the Fight to End the Pink Tax on Menstrual Products Period poverty. It’s when someone doesn’t have access to menstrual products — often because they simply can’t afford them. Scotland recently became the first country in the world to make period products free to every citizen who needs them. But here in the U.S., they are not even exempt from taxes placed on luxury goods in many states. NBCLX Storyteller...
tax reform Will Your Taxes Go Up Under a Biden or Trump Administration? President Trump and Joe Biden have each hyped their tax plans as the best deal for Americans. Biden’s plan can be boiled down to his promise that no one who makes less than $400,000 will get a tax increase. Meanwhile, Trump is promising to make the tax cuts he enacted in his first term permanent. But what do their plans...
taxes Comparing Trump's Tax Plan and Biden's Tax Plan: What Would They Mean for You and the Economy? New data from the PEW Research Center suggests that nearly 80% of registered voters say the economy is a very important issue in this election. LX News was joined by Tony Nitti, a partner with RubinBrown’s Tax Services Group, to break down President Trump and Joe Biden’s tax plans and how each will affect you and the economy.
personal finance What to Know About the New Tax Filing Deadline — and State Returns You’ll now have an extra 90 days, until July 15, to file and pay your federal income taxes. You are still allowed to file for an extension until October 15, just as you can during any other year. To do that, you have to file the extension form by April 15. The changes have rolled out over the course of the week. The…
taxes Tax Day Deadline Will Move to July 15, Treasury Secretary Says It is expected that many states will follow the lead of the federal government and delay their tax filing deadlines
taxes Q&A: What Does 90-day Tax Payment Delay Mean for Filers? As of now, taxpayers need to file their federal tax returns by the traditional April 15 deadline. The 90-day extension is solely for the money that is due
Coronavirus How Tax Deferments Are Just the Start to Helping the Economy David Shulman, senior economist with the UCLA Andersen Forecast, explains how tax deferments are just the start of measures the federal government will need to keep the U.S. economy from slipping into a much worse situation.
