Jackson Hewitt® Offers Taxpayers Stimulus Payment Calculator, Online Resources
The tax services company is helping hardworking Americans navigate the new COVID-19 economic relief bill
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JERSEY CITY, N.J., Dec. 29, 2020 /PRNewswire/ While the emergency COVID-19 economic relief bill, also known as the Coronavirus Response and Relief Supplemental Appropriations Act, was signed into law on the evening of December 27, 2020, there are still many unanswered questions that taxpayers have and Jackson Hewitt Tax Service® is reminding Americans that they are a valuable resource to cut through the clutter to understand what they need to know.
Millions of Americans receiving unemployment aid could face surprise tax bill
By Megan Henney
Biden addresses COVID bill, holiday pandemic precautions
President-elect Joe Biden on Dec. 22 discussed the COVID-19 relief bill passed by Congress and expressed empathy with struggling families over the holiday season.
Millions of out-of-work Americans who are collecting unemployment benefits as a result of the coronavirus pandemic could face an unpleasant surprise when they file their taxes next year.
That s because unemployment benefits, including the extra money distributed through federal aid programs, count as taxable income.
Unemployment benefits vary by state, but the $2.2 trillion CARES Act signed into law at the end of March sweetened the aid, giving beneficiaries an additional $600 per week through the end of July. The average laid-off worker was receiving about $930 per week in benefits before the boosted aid expired, prompting President Trump in August to issue an exec
Jackson Hewitt Announces Refund Advance Options, Opens Offices for 2021 Tax Season
The tax services company opens doors, and offers Refund Advance loans to help taxpayers get money during challenging time
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JERSEY CITY, N.J., Dec. 16, 2020 /PRNewswire/ Jackson Hewitt Tax Service
® opened nearly 3,000 in-office locations today and announced the company s Early Refund Advance and No Fee Refund Advance offerings. To help ease the financial burden ahead of the holidays after the challenging year many taxpayers have faced, clients can apply for the Early Refund Advance to access up to $700, a $200 increase from last year s Early Refund Advance offering.
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JERSEY CITY, N.J., Dec. 15, 2020 /PRNewswire/ With weeks left in the year, the Tax Pros at Jackson Hewitt Tax Service® created a list of year-end tax tips for the 2020 tax year. Taxpayers still have time to make financial moves that could increase their tax refund or reduce the amount of tax owed. This year has been difficult for everyone and everyone s taxes have been impacted, too. The Jackson Hewitt team can explain the changes and we guarantee that our clients get the maximum tax refund they deserve, said Greg Macfarlane, Chief Executive Officer of Jackson Hewitt. Millions of hardworking Americans trust Jackson Hewitt to do their taxes and we re here to help them through it.