Electric cars are entitled to a tax credit if they qualify. The value of the IRS tax credit ranges from $2,500 to $7,500, depending on the electric vehicle in question. Size and battery capacity are the primary influencing factors.
Are Electric Car Tax Credits Available?
Yes, most electric cars are still eligible for this tax credit. Currently, Congress has set the phase-out limit of electric cars sold at 200,000 units per manufacturer. After that the credit begins to phase out for that manufacturer.… Read the rest
Are You Wondering When Can You File Taxes in 2021?
The IRS will start accepting tax returns starting Feb 12, 2021.
People can begin filing their taxes immediately with tax software companies, including IRS Free File partners. These companies are accepting tax returns now, and the returns will be automatically transmitted to the IRS starting February 12.
Did you know, anyone can get started with early online tax filing and get a head-start on their tax return. TurboTax and H&R Block will both securely hold and then submit customers’ tax returns to the IRS as soon as they begin accepting returns.… Read the rest
Here is a breakdown of everything you need to know about the Child Tax Credit and Additional Child Tax Credit
How Much do You Get Back in Taxes for a Child?
The child tax credit for 2020, 2021, allows you to get back up to $2000 per child in taxes. This is a tax credit, which means it reduces your tax bill dollar-for-dollar, which makes it highly valuable for all families.
With an online e-filing service, you may be able to get your tax refund back in just eight days, especially if you opt to receive it through direct deposit. Last year, the IRS said they managed to provide tax refunds to 90% of taxpayers in 21 days or less.
The New Tax Refund Schedule Dates
For this year, the official start date has not yet been announced by the IRS. The IRS never keeps an official calendar, but they regularly provide an estimated tax refund schedule that says the majority of filers will get their money in 21 days or less, from the date their return is received.… Read the rest
Printable IRS Tax Forms can be downloaded using the links found below. However, there’s a better way to get your tax forms.
The Best Way to Get Your IRS Tax Forms
IRS tax forms can be downloaded in a far superior way by using online tax software. Platforms like TurboTax Online and H&R Block Onlinewill enable you to enter your information into the system and have the correct tax forms supplied automatically.
New Printable IRS 1040 Tax Forms, Schedules & Instructions