Advance Child Tax Credit Payments Start Today

The advances going out today represent a prepayment of the tax refunds parents expect to receive at filing time next year. If you received a tax refund by direct deposit earlier this year, check your bank account to see if…

IRS Extends May 17th Deadline for Tennessee Residents

Victims of this spring’s storms and tornadoes in Tennessee will have until Aug. 2, 2021 to file various individual and business tax returns and make tax payments. Following The recent disaster declaration issued by the Federal Emergency Management Agency (FEMA), …

If You Missed the May 17th Deadline to File and Pay Taxes

The federal income tax deadline has passed for most individual taxpayers. However, some haven’t filed their 2020 tax returns or paid their tax due. If an individual taxpayer is owed a refund, there’s no penalty for filing late. On the…

2020 Premium Tax Credit

IRS suspends requirement to repay excess advance payments of the 2020 Premium Tax Credit The American Rescue Plan Act of 2021 suspends the requirement that taxpayers increase their tax liability by all or a portion of their excess advance payments…