Posts Tagged‘tax’

In the following post, Optima Tax Relief reviews services low-income taxpayers and non-filers can use to register for their Economic Impact Payment. Low-income taxpayers and those experiencing homelessness might have some difficulty receiving their Economic Impact Payment if they haven’t filed their income taxes in the previous years. However, a free tool from the Internal Revenue Service allows low-income individuals who will not be filing a 2018 or 2019 tax return to register for their coronavirus relief payment easily and efficiently. The payment tool for non-filers is designed for individuals with incomes below $12,200 and married couples with incomes below $24,400, including…

Summer is a time of change and transition for many American families that take advantage of this time to make some significant life changes – whether it be moving to a new city or buying a home. This is especially true for families with school age children as they can take advantage of this time to schedule their home buying, relocating, and even home remodeling to the summer months while school is out. These summer events could have significant tax implications for those that itemize their deductions. Due to the new tax laws that have resulted in less taxpayers itemizing…