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Have you filed your 2021 taxes? The deadline to get some COVID relief benefits is approaching
The United Way of CT estimates roughly 45,000 households in the state are entitled to COVID relief money from 2021 that has gone unclaimed.
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45,000 households in CT eligible for COVID relief benefits from unfiled 2021 taxes: United Way
The United Way of Connecticut is putting out a call to people who haven’t filed their 2021 tax returns, to do so before next spring, or risk losing out on thousands of dollars in tax credits. The organization estimates roughly 45,000 households in the state are entitled to COVID relief money from 2021 that has gone unclaimed. “Earned income tax…
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Explaining the child tax credit with the ‘Give me my money' TikTok challenge
Will the IRS “give you your money!?” Watch this explainer to see if you will qualify for the federal child tax credit.
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Treasury proposes rule to prevent large corporations from evading income taxes
The Biden administration has proposed a new rule that would require the largest U.S. companies to pay at least 15% of their profits in taxes.
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The IRS has a method of ‘last resort' to collect overdue taxes: Revoking your passport
The State Department can deny a passport application or revoke an active passport if the IRS certifies a tax debt as “seriously delinquent.”
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Connecticut to join IRS Direct File free tax filing system
Connecticut will be joining IRS Direct File, which will give residents an option to file federal tax returns online at no cost. Gov. Ned Lamont and U.S. Secretary of the Treasury Janet L. Yellen said the service will be available for Connecticut residents beginning in the 2025 filing season. Secretary Yellen said more than 290,000 Connecticut taxpayers will be able…
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Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision
Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years.
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IRS collects milestone $1 billion in back taxes from high-wealth cheats
The milestone is meant to showcase how the agency is making use of the money it received as part of the Biden administration’s Inflation Reduction Act. It comes as Republicans threatened cuts to the IRS.
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IRS has taken nearly 2 years to help tax identity theft victims get their refunds
Tax identity theft victims are waiting nearly two years for resolution and refunds from the IRS. But the agency is working on improvements.
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IRS unveils plan to end another major tax loophole for the wealthy and raise $50 billion in the process
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
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These tax strategies can be a ‘silver lining' after a prolonged job layoff, advisor says
You could leverage tax planning strategies after unemployment if your income is lower in 2024, experts say. Here’s what to know.
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IRS announces Direct File as permanent free tax-filing option starting next year
The IRS announced that Direct File, a free tax-filing option for simplified tax returns, will be a permanent option starting next year.
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It's Tax Day. And your refund may be larger than usual this year
On this Tax Day, refunds are looking a bit bigger for taxpayers.
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What to know if you still need to file your taxes
It’s April 15 and that means taxes are due. Here’s what you need to know if you still need to file.
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Face the Facts: More on the state's push to get rid of so-called junk fees
Mark Boughton, commissioner of the Department of Revenue Services, is discussing the state’s long-term tax plan, and what it would mean for CT residents who bear one of the heaviest tax burdens in the country.
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Face the Facts: More on the state's push to get rid of so-called junk fees
Mark Boughton, commissioner of the Department of Revenue Services, is discussing the state’s long-term tax plan, and what it would mean for CT residents who bear one of the heaviest tax burdens in the country.
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IRS: You have ‘options' if you can't pay your taxes by the April 15 deadline
If you can’t pay your taxes by April 15, you have “options,” according to the IRS. Here’s what to know about payment plans.
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Got kids? Here's what to know about filing your 2023 taxes
Tax pros say there are a few tips parents should keep in mind when filing their tax returns this year.
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Tax tips for college students and their parents
There are lots of things college students and their parents should keep in mind before filing their taxes.
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Today is Tax Day. What happens if you don't file your taxes or file late?
Will the IRS fine you? Here’s what could happen if you fail to file your taxes by April 15 and how to request an extension.