The Internal Revenue Services offices in Washington, D.C. Adam Jeffery | CNBC Taxpayers will have more time to get their taxes in order this year. The IRS is planning to push back the deadline for filing tax returns by about one month, originally thought to be May 15, from the usual April 15, CNBC confirmed.
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Allen J. Schaben | Los Angeles Times | Getty Images More than 2,200 organizations have written a letter to President Joe Biden urging him to extend the national eviction moratorium. The Centers for Disease Control and Prevention announced a ban on evicting struggling renters during the pandemic last September, and that protection is scheduled to
cihatatceken | iStock | Getty Images Many Americans could be seeing green this Wednesday, March 17. And that’s not just because it’s St. Patrick’s Day. Wednesday marks the official “payday” when many of the $1,400 stimulus checks should be deposited. Yet some Americans may have seen the cash already cross their accounts. President Joe Biden
Marko Geber | DigitalVision | Getty Images Millions of Americans who collected unemployment benefits last year got a new tax break from the American Rescue Plan. Here’s how it works. $10,200 tax break President Joe Biden signed a $1.9 trillion Covid relief bill Thursday that waives federal tax on up to $10,200 of unemployment benefits
IronHeart | Moment | Getty Images Extra unemployment benefits offered by the American Rescue Plan may not arrive until mid-April or later, the U.S. Department of Labor said Monday. The $1.9 trillion Covid relief bill, which President Joe Biden signed Thursday, extended jobless aid to Labor Day and continued a $300 weekly enhancement to benefits.
Venture capitalist Chamath Palihapitiya. Mark Kauzlarich/Bloomberg via Getty Images Blank check funds are hot. Wall Street investors are increasingly betting against them. Short positions in special purpose acquisition companies, or SPACs, is at $2.7 billion, more than triple the $765 million at the end of 2020, according to S3 Partners, which tracks financial data. Unlike
William Thomas Cain | Getty Images Those new $1,400 stimulus checks are arriving. While the majority of payments will be made by direct deposit, others will receive the money in the mail — as paper checks or debit cards. There could be some differences in what the U.S. Postal Service drops in your mail box
The Internal Revenue Service (IRS) headquarters in Washington, D.C. Samuel Corum/Bloomberg via Getty Images Jobless Americans should wait to file an amended tax return to get a new tax break on unemployment benefits received last year, the IRS said Friday. The American Rescue Plan Act of 2021, which President Joe Biden signed Thursday, waives federal
Geber86 | E+ | Getty Images What is your marginal tax rate? What is your effective rate? A point of confusion for many taxpayers is the difference between the two. Both measures tell a lot about a taxpayer’s financial profile and both are used for tax-planning purposes to weigh the after-tax consequences of investments and
Another round of stimulus checks are on the way. Direct deposits will start hitting Americans’ bank accounts as soon as this weekend, according to the White House. As part of the $1.9 trillion American Rescue Plan, the $1,400 checks top off the $600 stimulus payments that were issued in December — providing Americans with $2,000 in addition to