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Inflation relief checks like Michigan proposal might not be taxed. IRS doesn't know yet.
Detroit Free Press via Yahoo News· 1 year agoOn Friday, the Internal Revenue Service issued a "stay tuned" alert of sorts that could delay the...
Late IRS guidance on state stimulus checks threatens to upend tax season
Yahoo Finance via AOL· 1 year agoIt's just over two weeks into tax filing, and many tax professionals were almost ready to call this...
Filed taxes before the IRS ruling on state relief payments? What to do now
The Hill via AOL· 1 year agoThe Internal Revenue Service recently announced that it won't tax most state relief checks – but the...
Taxes: IRS waives penalty for taxpayers with tax bills from 2020 and 2021
Yahoo Finance via AOL· 3 months agoNearly 5 million taxpayers who have unpaid tax bills from 2020 and 2021 will have almost $1 billion...
Millions of Americans may finally get their tax refund checks as the IRS clears out a backlog of 8...
INSIDER via Yahoo News· 2 years agoFencing and Caution tape at the Internal Revenue Service (IRS) building in Washington, DC, on...
Inflation Relief: IRS Clarifies Where Taxpayers Must Report State Bonus Checks
GoBankingRates via AOL· 1 year agoThe IRS has provided guidance on how taxpayers in some states should handle special tax refunds or...
Maine officials believed relief checks were tax exempt -- but never asked the IRS
Portland Press Herald, Maine via Yahoo News· 1 year agoFeb. 9—Two Maine lawmakers who helped negotiate $850 relief checks for Maine taxpayers said Thursday that state officials had assured them that the IRS considered the payments tax free. But ...
Tax season thrown into chaos as IRS weighs taxing Maine relief checks
Portland Press Herald, Maine via Yahoo News· 1 year agoFeb. 8—When the state distributed $850 relief checks to Mainers last year, the idea was to lend a no-strings-attached helping hand to people struggling with record inflation largely driven by ...
Tax season has resumed—and the IRS is warning about more delays and smaller refunds in 2023
Fortune via Yahoo Finance· 1 year agoIt's a chaotic kickoff to tax season. A week after telling millions of taxpayers to hold off on...
IRS says it won't tax California's Middle Class Tax Refund
LA Times via Yahoo Finance· 1 year agoIn guidance late Friday afternoon, the IRS said California's Middle Class Tax Refund and similar...
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