Newsom, IRS give Californians until October to file tax returns
1 year, 9 months ago

Newsom, IRS give Californians until October to file tax returns

LA Times  

Gavin Newsom speaks in Sacramento in January. “Disaster relief generally does not cover these types of tax payments other than as provided in an IRS news release with respect to a disaster.” McDonald said in an email. If you live outside the designated disaster area, the IRS says you can still qualify for the delayed deadlines if you meet any of three conditions: Records you need to complete your return are inside the area ; your tax preparer is inside the disaster area and unable to complete the work on time; or you are helping the government or a recognized charity with relief efforts in the area. California IRS says it won’t tax California’s Middle Class Tax Refund In guidance late Friday afternoon, the IRS said California’s Middle Class Tax Refund and similar payments in other states would not be subject to federal taxes. One other point: If you suffer disaster-related losses that aren’t reimbursed or insured, you can write them off on your tax return for either 2022 or 2023, the IRS says.

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History of this topic

The IRS wants to give California taxpayers $94 million in refunds — if they file returns
8 months, 3 weeks ago

The IRS wants to give California taxpayers $94 million in refunds — if they file returns

LA Times  

According to the IRS, an estimated 88,200 Californians who did not file returns in 2020 are owed $94.2 million, which works out to $835 per filer on average. Direct File offers step-by-step guidance for people whose returns require only the most basic federal forms — for example, people whose income was limited to wages recorded on a W-2 and Social …

New IRS Direct File program now available in California
9 months, 2 weeks ago

New IRS Direct File program now available in California

LA Times  

If you’re a California resident and haven’t done your federal tax return for 2023, you now have another, more user-friendly option online: the free Direct File service from the IRS. What makes Direct File different is that there’s no middleman and no income limit for participants — anyone can use it, provided that their tax returns use only the most …

IRS, California postpone tax deadline again for most state residents
1 year, 2 months ago

IRS, California postpone tax deadline again for most state residents

LA Times  

At some point, Californians will have to pay the the taxes they owe on their 2022 income. In January, citing the winter storms that led to federal emergency and disaster declarations, the Internal Revenue Service postponed the due date for most Californians’ 2022 returns from April 17 to May 15. Business IRS will start taking tax documents digitally as it …

IRS says it won’t tax California’s Middle Class Tax Refund
1 year, 10 months ago

IRS says it won’t tax California’s Middle Class Tax Refund

LA Times  

The IRS said taxpayers won’t need to report California’s Middle Class Tax Refund as income on their 2022 return. The Internal Revenue Service issued long-awaited guidance Friday afternoon, saying it “determined it will not challenge the taxability of payments related to general welfare and disaster relief.” California’s Middle Class Tax Refund falls into that category, the agency said, as do …

IRS urges special refund recipients to delay filing taxes
1 year, 10 months ago

IRS urges special refund recipients to delay filing taxes

Associated Press  

NEW YORK — The Internal Revenue Service is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year. “We are working with state tax officials as quickly as possible to provide additional information and clarity for taxpayers,” the IRS said in its statement. If …

Drenched Californians get an extra month to file tax returns
1 year, 11 months ago

Drenched Californians get an extra month to file tax returns

LA Times  

Torrential rains led to flooding in a walkway inside Union Station in downtown Los Angeles. The IRS announced that taxpayers in any county covered by a federal emergency declaration would have until May 15 to file their income tax returns for 2022. One other point: If you suffer disaster-related losses that aren’t reimbursed or insured, you can write them off …

California revenues decline amid economic worries
2 years, 1 month ago

California revenues decline amid economic worries

Associated Press  

SACRAMENTO, Calif. — The good times might soon be over for California’s government. “I think the state is far better positioned for a potential economic downturn this time around than it has been in contemporary history,” said Chris Hoene, executive director of the California Budget & Policy Center. Tech companies “going public” has been a reliable source of cash for …

23 million Californians will get gas tax refunds beginning today: What you need to know
2 years, 2 months ago

23 million Californians will get gas tax refunds beginning today: What you need to know

LA Times  

Gas prices are on the rise again in Los Angeles. The Golden State will send tax refunds to about 23 million Californians starting Friday to help them navigate the rising costs due to inflation. California will spend $9.5 billion as part of the “Middle Class Tax Refund” program, with one-time payments ranging from $400 to $1,050 for couples who filed …

This Is The Quickest Way To Get Your Tax Refund In 2022
2 years, 11 months ago

This Is The Quickest Way To Get Your Tax Refund In 2022

Huff Post  

sesame via Getty Images Keep an eye out for your W-2 and 1099s and sign up for direct deposit. The IRS said that it is dealing with staffing shortages and a backlog of over 6 million individual tax returns from last year as of late December, and expects “enormous challenges” during this year’s tax filing season. To avoid any additional …

Taxes 2020: Everything you need to know about filing this year
3 years, 7 months ago

Taxes 2020: Everything you need to know about filing this year

CNN  

Next Monday, May 17, is the official deadline for individuals to file their 2020 federal tax return, and in most instances their state tax return, too. While the original filing and payment due date was April 15, the IRS has pushed the deadline to May 17 to give individual filers, tax preparers and the IRS itself more time to sort …

IRS plans to delay this year’s tax filing deadline to mid-May
3 years, 9 months ago

IRS plans to delay this year’s tax filing deadline to mid-May

CNN  

CNN — The Internal Revenue Service plans to delay this year’s tax filing deadline by roughly a month, to mid-May. “Almost a year later, we are still grappling with the massive economic, logistical and health challenges wrought by this devastating pandemic,” wrote Raskin and Pascrell in a letter sent to the IRS earlier this week. “The various coronavirus relief programs …

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