Should you claim your stimulus pay on your taxes? And other FAQs
Given the pandemic, it’s fair to wonder how factors such as stimulus payments and Paycheck Protection Program loans could impact your filings. Below you’ll find a brief Q&A with Thomas explaining what you need to know:Do you have to claim your stimulus claims when filing your taxes? AdDoes the IRS look at stimulus payments as income? If unemployment compensation was received last year, you definitely want to include that on your tax return. Lawson hosts virtual roundtable on taxesIf you have additional questions about your taxes, stimulus payments and Paycheck Protection Program loans, you’re in luck.
For some, credit cards are a major part of tax season, survey finds
Tax season and credit cards seem to go hand-in-hand like peanut butter and jelly, at least if you believe the findings of a recent study conducted by Credit Card Insider. Using SurveyMonkey to conduct an online survey of 3,114 adults from Feb. 3-5, Credit Card Insider found out the following information when it comes to how important credit cards are for people during tax season. 14% of respondents who expected to owe this year planned on using a credit card to pay their taxes. Of those expecting a tax refund, 40% had credit card debt. 75% of those with debt plan to use their tax refund toward paying it off.
With tax season on the way, it’s time to protect your personal data
JACKSONVILLE, Fla. – With tax season just around the corner, authorities are warning people to take steps to protect their personal and financial information so they can avoid falling victim to scams. On Tuesday, representatives from several agencies, including the Internal Revenue Service and Jacksonville Sheriff’s Office, met downtown as part of National Tax Security Awareness Week to share some tips to arm the public against fraud and identity theft. “Ironically, I’ve gotten them on my IRS cell phone, so they’re indiscriminate as to who they go to.”The best way to protect yourself is to safeguard your personal data. That means changing passwords often and making sure they’re strong. Also, never enter your personal details on an unsecured website, and avoid clicking on any links you don’t recognize.