Why is my tax refund taking so long? The IRS may not tell you, but this report offers clues

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A report to Congress from the Taxpayer Advocate Service underscores what many Americans know all too well: Refund delays are a huge problem. More than a month after the official opening date of the 2021 tax season, many Americans who filed early are still waiting for refunds to hit their bank accounts. The Internal Revenue Service, which encouraged taxpayers to file early for a speedier return, maintains that most refunds will be issued within 21 days for taxpayers with direct deposit who file online, but that hasn’t been the experience for many early filers. Read Full Story

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Still no IRS tax refund? Early filers wonder ‘Where’s my check?’ at 21-day mark

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The IRS estimated that 9 out of 10 taxpayers who filed online and used direct deposit would receive their refund within 21 days. For many, that’s today. Three weeks after the start of the 2021 tax filing season , the Internal Revenue Service (IRS) is being beseeched by complaints from taxpayers who said they filed early but have yet to receive a refund check. Read Full Story

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IRS stimulus check: Your last chance to claim one and what happens after the deadline

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3 p.m. ET Saturday is the final deadline to submit your info in order to receive your outstanding stimulus payment. Many Americans received their Economic Impact Payment (aka stimulus check) earlier this year—so far, about 160 million of them. However, there are still plenty of Americans that have yet to do so. One big reason for that is those Americans are likely to be ones that are not required to file a tax return—and thus the Internal Revenue Service does not have updated address or bank account info to send them their stimulus funds. Read Full Story

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Still no second stimulus check? This possible IRS error might be the reason why

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Some Americans who used tax-preparer services like TurboTax and H&R Block still haven’t received their stimulus checks. As the United States grapples with the aftermath of Wednesday’s shocking insurrection and talking heads across the globe debate the fate of American democracy, many at home are still grappling with financial hardship wrought by the coronavirus pandemic , a reality made no less dire by yesterday’s mob. Read Full Story

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IRS stimulus check still not received? Free File could be a way to claim it

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Eligible Americans who haven’t received their first or second stimulus payment may be able to claim it on their 2020 taxes. Despite the government’s best efforts to deliver two rounds of direct payments for coronavirus relief to all eligible Americans over the past 10 months, many did not receive the full amount that they were owed. If you fall in that category, and the Internal Revenue Service hasn’t told you to expect a check is in the mail, you may be able to claim your payment as a Recovery Rebate Credit on your 2020 taxes. Read Full Story

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Best Employee Retirement Plans

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Disclosure: This content is reader-supported, which means if you click on some of our links that we may earn a commission. Starting an employee retirement plan is not too hard or expensive, even for small businesses. Plus, these programs offer tax advantages to both the employees and the company, which leave more money in everyone’s account. Offering such benefits is a great way to attract qualified candidates and gives your top talent a huge reason to stay. The sooner you start the better. First, I’ll walk you through the different types of employee retirement plans available. There are more than just 401(k) plans helping people save for post-career life, including some types that are specifically made for small businesses. Then we’ll take a look at what to consider as you decide on which provider you want to manage your employee retirement plan. There’s a little bit to know, sure, but …

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IRS says millions may still be eligible for stimulus checks: Here’s a breakdown by state

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The IRS is trying to reach 8.8 million Americans who may still be eligible for a direct payment from the coronavirus relief package passed in March. The Internal Revenue Service is sending letters to almost 9 million Americans with unusual tax situations who may still be eligible for a direct payment as part of the federal coronavirus relief package passed earlier this year. Read Full Story

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Trump tax returns: Top 5 jaw-droppers from the NYT exposé

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Trump not only paid less than most rich people in prior tax years but less than most lower and middle-class Americans. Last night The New York Times published a bombshell of a report : information on almost two decades of Donald Trump’s tax returns. The returns have been the holy grail of many a journalist and political opponent ever since Trump announced his run for the presidency in 2015. Read Full Story

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