The Internal Revenue Service and the Treasury Department announced that millions of American families are now receiving their advance Child Tax Credit (CTC) payment for October. This fourth batch of advance monthly payments, totaling about $15 billion, is reaching about 36 million families today across the country. The majority of payments [...]

The Internal Revenue Service says that Free File remains available through Oct. 15 for those taxpayers who still need to file their 2020 tax returns. Free File is the IRS' public-private partnership with tax preparation software industry leaders to provide their brand-name products for free, according to a news release. [...]

Many states are struggling to recover from new unemployment claims, but California more than others. With early October's claims higher than at the start of 2020, according to WalletHub’s recent state rankings have changed for the States Whose Unemployment Claims Are Recovering the Quickest Here are some of the key [...]

Farmers and ranchers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales, according to the Internal Revenue Service. To qualify for relief, farmers or ranchers must have sold livestock on account [...]

The economy gained 235,000 jobs in August, and the national unemployment rate is now 5.2%, which is 65% below the peak of 14.8% during the height of the COVID-19 pandemic. To provide more context at the city level, a recently released report on the Cities Whose Unemployment Rates Are Bouncing [...]

The Internal Revenue Service has awarded new contracts to three private-sector collection agencies for the collection of overdue tax debts. Beginning Thursday, Sept. 23, 2021, taxpayers with unpaid tax bills may be contacted by one of the following three agencies: CBE Group, Inc. PO Box 2217 Waterloo, IA 50704 800-910-5837 [...]

Inflation. We're all aware that prices tend to go up over time. This increase in the cost of goods and services is known as inflation and plays a bigger role in your finances than you may realize. What follows are some tips you may consider to manage your money during [...]

The Internal Revenue Service reminds people that Sept. 15, 2021, is the deadline for the third quarter of estimated tax payments. This generally applies to people who are self-employed and some investors, retirees, and those who may not normally have taxes withheld from their paycheck by their employers. The U.S. [...]

Did you know September is National Preparedness Month? With the height of hurricane season here and the ongoing threat of wildfires in some parts of the country, the Internal Revenue Service reminds everyone to develop an emergency preparedness plan. All taxpayers, from individuals to organizations and businesses, should take time [...]

The Internal Revenue Service reports interest rates will remain the same for the calendar quarter beginning Oct. 1, 2021. The rates will be: 3% for overpayments (2% in the case of a corporation); 0.5 % for the portion of a corporate overpayment exceeding $10,000; 3% percent for underpayments; and 5% [...]