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Taxes

Some will get refunds on taxes they paid on unemployment benefits ... eventually

by Nancy Marshall-Genzer
Apr 2, 2021
The IRS says the process of recalculating taxpayer returns will stretch into the summer.
It's a messy year for the IRS, taxpayers and tax preparers.
Saul Loeb/AFP via Getty Images
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COVID-19

Your tax questions, answered

by Janet Nguyen
Mar 30, 2021
Up to $10,200 in unemployment benefits is tax-free. What do you do if you already filed your return?
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Is the tax code racist?

by Dorothy Brown
Mar 23, 2021
Professor Dorothy Brown of Emory University became a "detective," searching for data on how the tax code impacts Black Americans.
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Top 1% of earners don't pay taxes on one-fifth of income, study finds

by Justin Ho
Mar 23, 2021
Many pass their income through partnerships and corporations. Others park money offshore.
A big part of the issue, the report found, is that the IRS uses random audits to weed out cheaters.
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COVID-19

What tax questions do you have this year?

by Marketplace Staff
Mar 19, 2021
COVID-19 made filing more complicated. We're here to help answer your questions.
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COVID-19

IRS backlog causing problems for taxpayers

by Marielle Segarra
Feb 9, 2021
The IRS shut down its offices due to COVID, creating a buildup of millions of pieces of unopened mail and unprocessed returns.
The delays because of the pandemic are so bad, they’re even affecting people who bypassed the mail and paid their taxes online.
Zach Gibson/Getty Images
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For those who received unemployment benefits last year, a possible tax surprise

by Samantha Fields
Feb 3, 2021
Millions were on unemployment at some point in 2020. A new measure in Congress proposes waiving taxes on some of that income.
People can choose to have taxes taken out of their benefits during the year, but most don’t, said Elaine Maag at the the Urban-Brookings Tax Policy Center.
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Some things we know about filing 2020 taxes

by Andy Uhler
Jan 18, 2021
Because so many people worked from home this year, some taxpayers may have to do more research and paperwork.
Scott Olson/Getty Images
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COVID-19

Some delayed stimulus payments may not arrive until you file 2020 taxes

by Nova Safo
Jan 7, 2021
If the IRS has out-of-date information for your bank account, you may have to claim the stimulus as a credit on your 2020 taxes.
There’s a glitch in the direct payments system: For some taxpayers, the IRS has out-of-date bank account information.
Olivier Douliery/AFP via Getty Images
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COVID-19

Small businesses still struggling with COVID impacts must consider tax implications, too

by Justin Ho
Dec 29, 2020
Many received PPP loans. And that means new tax questions for 2021 filings.
A closed dining area outside a Manhattan restaurant on Nov. 13, 2020.
Spencer Platt/Getty Images
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