When are taxes due?
The deadline for most individuals and businesses to file was extended to May 17, 2021. Due to the winter storm in Texas the deadline for Texas residents is extended to June 15, 2021.
How do I file a tax return?
You can file your taxes via e-file online, by mail, certified tax preparer, or CPA. There are multiple options online to e-file your taxes and some options are free at IRS Filing. If you prefer a tax professional to complete your taxes Baker Ripley Tax Centers is a free option for individuals and families earning up to $58,000. You can schedule an appointment at Baker Ripley.
When will I get my refund?
The time can vary from person to person. You can check your refund status at IRS.gov.
Do I owe taxes on the aid I received from unemployment?
By law, unemployment compensation is taxable and must be reported on a 2020 federal income tax return. (IRS Filing)
I never received the stimulus check(s). Can I get a credit?
If you didn’t get a first and second Economic Impact Payment or got less than the full amount, you may be eligible to claim the 2020 Recovery Rebate Credit and must file a 2020 tax return even if you don’t usually file a tax return.
Clients can get answers to their tax questions online using the Interactive Tax Assistant at IRS.gov or contact the IRS via phone call. Baker Ripley Tax Centers is a free tax preparation service that can answer questions as well. When in doubt our clients should contact a certified tax professional or CPA.