Manisha Hansraj
Jan 15, 2021What’s New for the 2020 Tax Year?
Here’s the breakdown of all the changes. Standard deduction For the 2020 tax year, the standard deduction amounts have increased. Here are the amounts below. For taxpayers who are blind or at least 65 years old, they can claim an additional standard deduction. The standard deduction is $1,300 and $1,650 for the single or head […]
Manisha HansrajSep 11, 2020Prepare for Tax Year 2020
The IRS already announced the inflation adjustments for next year. Although the e-file and extension deadline is in a month, the year is almost gone. 2020 has been more than a roller coaster ride, and the next tax season is only a few months away. Many taxpayers may wonder how their stimulus payments affect your […]
Manisha HansrajAug 25, 2020When does the additional $300 unemployment benefit begin?
Jobless Americans are worrying about their unemployment benefits. Since the extra $600 weekly benefit disappeared, their income is significantly less. Those who are out of work depend on their unemployment income to pay their bills. Recently, President Donald Trump issued a measure for $400 per week to aid Americans. However, instead, it’s an additional $300 […]
Manisha HansrajJun 4, 2020Economic Stimulus Payments: The Get My Payment Tool vs Non-Filers Tool
There has been a lot of confusion regarding economic stimulus payments. Many are wondering which tool to choose when they go to the IRS website to track their stimulus payment. There are two tools, the Get My Payment Tool and the Non-Filers Tool. Both tools have different requirements. Which tool do I use?
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