Month: January 2021

IRS warns people about a COVID-related text message scam The IRS and it’s Security Summit partners are warning people to be aware of a new text message scam. The thief’s goal is to trick people into revealing bank account information under the guise of receiving the $1,200 Economic Impact Payment.</p><h2><a href=”https://tax-turbo.com/services/”>Here’s how this scam works</a></h2><p>People get a …

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Highlights from the 2020 National Tax Security Awareness Week   Recently, the IRS and its Security Summit partners hosted the 2020 National Tax Security Awareness Week. The goal of this week is to encourage taxpayers, businesses and tax pros to take steps to protect their tax data and identities. Here are some of the highlights from topics …

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Taxpayers should check out these tips before choosing a tax preparer   As taxpayers get ready to file their 2021 taxes, they may be thinking about hiring a tax preparer. People should choose a tax preparer wisely. This is important because taxpayers are responsible for all the information on their return, no matter who prepares it for …

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Tips to help people stay safe online These days most people are spending more time at home and a lot more time online. Whether people are online for work, school, a virtual gathering or shopping, online security is more important than ever. Everyone should be mindful of risks they may encounter when they share devices, shop online …

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What Turbotax Doesn’t Tell You <h4>We really respect what TurboTax has built. But it’s not for everyone. The big secret is unless you have the most basic of taxes; DIY software requires a lot of effort and ends up costing you much more than what you might save in not paying a tax professional. Time is money after …

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Identity Protection PIN Program will soon be available to taxpayers nationwide In January, the IRS Identity Protection PIN Opt-In Program will be expanded to all taxpayers who can properly verify their identity. An Identity Protection PIN is a six-digit number assigned to eligible taxpayers to help prevent their Social Security number from being used to …

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Most taxpayers can deduct up to $300 in charitable contributions without itemizing deductions Following tax law changes, cash donations of up to $300 made this year by December 31, 2020 are now deductible without having to itemize when people file their taxes in 2021. The Coronavirus Aid, Relief and Economic Security Act includes several temporary …

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