Tax Tip: IRS Sending Interest Payments to Some 2019 Refund Recipients

Tax Tip: IRS Sending Interest Payments to Some 2019 Refund Recipients Over 13 million taxpayers who have received or will receive federal income tax refunds for 2019 will also receive an interest payment from the IRS. The 2019 filing and payment deadline change from April 15 to July 15, 2020 due to COVID-19 (coronavirus) was […]

Charitable Contribution Deduction Limits Increased for 2020

Charitable Contribution Deduction Limits Increased for 2020 As part of the U.S. Treasury’s COVID-19 (coronavirus) relief programs for taxpayers, the IRS has made temporary changes to the rules for deducting charitable contributions on federal tax returns. These changes may allow you to claim a larger deduction on your 2020 tax return, and may even carry […]