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By Zeke Torres
Jan 29, 2021 7:42 PM
TERRE HAUTE, Ind. (WTWO/WAWV) Stimulus checks, collecting unemployment, and other unique circumstances may impact your filing your tax return.
Money received through stimulus checks will not be taxed. However, if you didn t get one or believed the amount received was not enough, you can fill out a recovery rebate credit form.
According to Stadler and Company regional manager Lori Carpenter, this year will provide a new option to report unemployment benefits. They include a form that includes the sum collection added to your return or a new option. For some people, if they received unemployment when they would usually have income, there s an earned income credit. There s a special circumstance where they can use last year s income to claim that credit, she said.
Here s how donations will impact your 2021 tax return
The IRS wants to remind you that you can deduct up to $300 on your taxes for 2021.
Posted: Dec 28, 2020 6:16 PM
Posted By: Staff Report
TERRE HAUTE, Ind. (WTHI) - The IRS wants to remind you that you can deduct up to $300 on your taxes for 2021.
This means you will see a tax return on your taxes next year.
The President of Tax Masters, Thomas Jeffers told us that charitable donations have been an itemized deduction for the last several years.
What s new this year is how the CARES Act made it easier to donate.
2-million-dollar verdict against a very familiar tv face. you know the guy who says hello, i m patrick cox. you have seen the ads no doubt for his firm tax masters all over on cable including fox news channel. pulled that ad. jury in texas ordered him to pay $195 million for, get this, swindling its customers and lying about its policies. tax masters promised to help clients fight tax disputes but, the jury ruled the company was no help at all. as for the tax masters guy patrick cox, he have to personally pay some $46 million tax masters owes millions of dollars. the company also owes money to this television network. man and woman in pennsylvania are suing over atm fee. they say there was no warning about that fee which would violate federal law. according to a newspaper in the scranton area, those two people have filed a class action suit against the atm operator and the store where they use the machine.
Let nothing stand in your way. devry university, proud to support the education of our u.s. olympic team. shepard: a jury in texas you know that go from tv? his company, he founded the thing, is ordered to pay $200 million almost in restitution and penalties for cheating customers. according to thecompany c.e.o.,, i m patrick cox, will be personally responsible for $46 million. he is known for appearing in tax masters commercials which have been aired very often on this and other cable channels. the tax fix it company lied about policies and misled customers and no refund policy.