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Educator Expense Deduction Rises to $300 in 2022
For the first time, the maximum educator expense deduction rises to $300 in 2022; limit $250 for those filing 2021 tax returns WASHINGTON – The Internal Revenue Service today reminded teachers and other educators planning ahead for 2022 that they’ll be able to deduct...
Jeffrey Schweitzer Awarded 2022 Local Business Person Of The Year by Alignable
Jeffrey Schweitzer Of Northeast Financial Strategies, Inc. Honored As Wrentham’s 2022 Local Business Person Of The Year BOSTON, MA: February 16, 2022 -- The largest online referral network for small businesses, Alignable.com is announcing the results of its...
2022 Tax Filing Season Begins Jan. 24; IRS Outlines Refund Timing and What to Expect in Advance of April 18 Tax Deadline
WASHINGTON − The Internal Revenue Service announced that the nation's tax season will start on Monday, Jan. 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns. The January 24 start date for individual tax return filers allows the...
IRS to Send Letters to Advanced Child Tax Credit and Economic Impact Payment Recipients
The IRS announced today that it will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the third round of the Economic Impact Payments at the end of January. Using this information when preparing a tax return...
2020 Tax Refunds Still Delayed as October 15th Extension Deadline Nears
The Internal Revenue Service says it’s on track to dig out of the pandemic-related backlog of tax year 2020 returns by year end 2021—just in time for the 2022 tax filing season. Millions of taxpayers are still waiting for refunds and/or struggling to understand IRS...