IRS Announces Direct Deposit for Amended Returns

IRS Announces Direct Deposit for Amended Returns

Filing an amended return used to mean completing a paper form, regardless of how taxpayers submitted the original return to the Internal Revenue Service. During the pandemic, paper-filed returns presented processing challenges that contributed to a historic backlog at...
2022 Special State Payments Not Taxable

2022 Special State Payments Not Taxable

In 2022, millions of Americans received special state-issued payments designed to provide economic relief to residents struggling with financial burdens exacerbated by issues ranging from the pandemic to natural disasters. One week after urging recipients to postpone...