September's inflation numbers were tied for the record since 2008, and were above consensus expectations yet again. With inflation being so severe and persistent, the messaging about inflation is about to change. First, it was…
What to Know Before the May 17 Tax…
The due date to file your taxes is only days away after the IRS extended the deadline due to the Coronavirus pandemic. Have you filed your taxes or are you still waiting? Taxpayers can request…
IRS to Begin New $3,000 Child Tax Credit…
IRS Commissioner Charles Rettigis says they are set to begin rolling out $3,000 child tax payments to American families this July. The new and significantly expanded child tax credit was included in President Biden's $1.9…
IRS: Covid Masks, Hand Sanitizer Can Get You…
The IRS announced that Americans can get a tax break this filing season for masks, hand sanitizer, sanitizing wipes, and other personal protective equipment to prevent the spread of Covid-19. The tax code lets taxpayers…
Heresy Financial: IRS Folds Under Pressure, Delays Tax…
In this video, we look at the reasons why the IRS extended the tax filing deadline this year. From mounting political pressure to facing technical struggles with processing the enormous burden of all the recent…
IRS Delays Tax Deadline
The IRS pushed the deadline for Americans to file their taxes until mid-May. The extension gives Americans an extra month to file their taxes due to the unprecedented circumstances of the pandemic. The updated date…
IRS: File Taxes Online to Avoid Delays
The IRS is advising Americans to file their taxes electronically this year because the agency is still dealing with nearly 7 million unprocessed paper returns from last year. The IRS announced last week it is…
Don’t Get Duped by These IRS Scammers
Scammers are attempting to impersonate the Internal Revenue Service and their emails are becoming even more convincing. While the scam has been around for years but the attempts have become more credible recently. A new…
IRS Releases 2021 Income Tax Brackets
The IRS has released updated tax brackets for the 2021 filing season, these rates will be used to prepare your 2022 tax returns. The new brackets have been adjusted to account for inflation. Taxpayers are…