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Although the IRS just extended the normal April 15 tax-filing deadline to May 17 so taxpayers can get a better handle on policy changes tied to the COVID-19 pandemic, not everyone will get a ...
The extension also gives the IRS time to issue guidance on recent tax law changes. The newly passed COVID relief package exempts the first $10,200 of unemployment benefits from federal taxes for ...
The federal tax filing deadline for individuals has been extended to May 17, 2021. Quarterly estimated tax payments are still due on April 15, 2021. For additional questions and the latest ...
The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.