April 30th, 2020 by Oscar

The Internal Revenue Service today announced significant enhancements to the “Get My Payment” tool to deliver an improved and smoother experience for Americans eligible to receive Economic Impact Payments.

The enhancements, which started last week and continued through the weekend, adjusted several items related to the online tool, which debuted on April 15. The additional changes will help millions of additional taxpayers with new or expanded information and access to adding direct deposit information.

How to use Get My Payment
Available only on, the online application is safe and secure to use. Taxpayers only need a few pieces of information to quickly obtain the status of their payment and, where needed, provide their bank account information. Having a copy of their most recent tax return can help speed the process.

As a reminder, Get My Payment is a U.S. Government system for authorized use only. The tool is solely for use by individuals or those legally authorized by the individual to access their information. Unauthorized use is prohibited and subject to criminal and civil penalties.

  1. For taxpayers to track the status of their payment, this feature will show taxpayers the scheduled delivery date by direct deposit or mail and the last four digits of the bank account being used if the IRS has direct deposit information. They will need to enter basic information including Social Security number, date of birth, and mailing address used on their tax return.
  2. Taxpayers needing to add their bank account information to speed receipt of their payment will also need to provide the following additional information: (a) Their Adjusted Gross Income from their most recent tax return submitted, either 2019 or 2018; (b) The refund or amount owed from their latest filed tax return; (c) Bank account type, account and routing numbers.

Get My Payment cannot update bank account information after an Economic Impact Payment has been scheduled for delivery. To help protect against potential fraud, the tool also does not allow people to change bank account information already on file with the IRS. 

A Spanish version of Get My Payment is expected in a few weeks.

Watch out for scams related to Economic Impact Payments
The IRS urges taxpayers to be on the lookout for scams related to the Economic Impact Payments. To use the new app or get information, taxpayers should visit People should watch out for scams using email, phone calls or texts related to the payments. Be careful and cautious: The IRS will not send unsolicited electronic communications asking people to open attachments, visit a website or share personal or financial information. Remember, go directly and solely to for official information.


April 23rd, 2020 by Oscar

While most eligible taxpayers don’t need to take any action to receive an Economic Impact Payment, some people will. This includes those who are required to file and haven’t filed a tax return for either 2018 or 2019.

Here are some facts for eligible taxpayers who need to – and haven’t – filed a tax return for 2018 or 2019.

  1. Eligible taxpayers with a filing requirement who haven’t filed a tax return for 2018 or 2019 must file for 2019 to get an Economic Impact Payment.
  2. Taxpayers should file electronically and include direct deposit information to get their Economic Impact Payments faster.
  3. The $1,200 payments will automatically be sent to those who receive Social Security, railroad retirement or Social Security Disability Insurance (SSDI and SSI) and veteran’s benefits but, don’t normally file a tax return.  However, to add the $500 per eligible child amount to these payments, the IRS needs the dependent information before the payments are issued. Otherwise, their payment at this time will be $1,200 and, by law, the additional $500 per eligible child amount would be paid in association with a return filing for tax year 2020.
  4. Other people who don’t normally file – including those with low income or no income – should use the Non-Filers: Enter Payment Info tool to give the IRS basic information so they can their payment as soon as possible.

Questions? The IRS is regularly updating the Economic Impact Payment and the Get My Payment tool frequently asked questions pages on as more information becomes available.

Taxpayers concerned about visiting a tax professional or community organization for help with their taxes should remember the payments will be available throughout the rest of 2020.

The IRS encourages taxpayers to share this information with family and friends. Some people who normally don’t file a tax return may not realize they’re eligible for an Economic Impact Payment.


April 16th, 2020 by Oscar

¿Empleado a tiempo completo o parcial? ¿Está desempleado? ¿Es un trabajador temporal o en la economía compartida? ¿Está jubilado o discapacitado? ¿Recibe beneficios públicos? ¿No tiene ingresos? La mayoría de los residentes de los Estados Unidos, bajo ciertos niveles de ingresos, probablemente recibirán el pago de impacto económico si no son reclamados como dependientes de otro contribuyente y tienen un número de Seguro Social.

A continuación se le indica de cuanto serán los pagos:

  1. Las personas elegibles recibirán hasta $1,200.
  2. Las parejas casadas elegibles recibirán hasta $2,400.
  3. Las personas elegibles recibirán hasta $500 por cada niño calificado.

Los contribuyentes recibirán un pago reducido si su ingreso bruto ajustado está entre:

  1. $75,000 y $99,000 si su estado civil es soltero o casado que presentaron por separado
  2. $112,500 y $136,500 para jefe de familia y
  3. $150,000 y $198,000 si su estado civil fue casado y presentaron una declaración conjunta

Los contribuyentes elegibles que presentaron declaraciones de impuestos para 2019 o 2018 recibirán automáticamente un pago de impacto económico.

Los pagos también serán automáticos para las personas jublados que reciben beneficios de retiro de Seguro Social, (discapacidad SSDI), o beneficios de sobreviviente o de jubilación ferroviaria que normalmente no presentan una declaración de impuestos. Aquellos que reciben estos beneficios quienes no son reclamados como dependientes en la declaración de otra persona o que no tienen requisito de presentar una declaración de impuestos son elegibles para un pago de $1,200. Sin embargo, las personas en este grupo que tienen hijos calificados menores de 17 aňos tendrán que proveer información adicional a través de la herramienta Non-Filers: Enter Payment Info para reclamar el pago de $500 por cada hijo calificado.

El IRS alienta a las personas a compartir esta información con familiares y amigos. Algunas personas que normalmente no presentan una declaración de impuestos pueden no darse cuenta de que son elegibles para un pago de impacto económico.


March 26th, 2020 by Oscar

The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.

Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief.  Individual taxpayers who need additional time to file beyond the July 15 deadline, can request a filing extension by filing Form 4868. Businesses who need additional time must file Form 7004.

The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds are still being issued within 21 days. 

This announcement comes following the President’s emergency declaration last week pursuant to the Stafford Act. The Stafford Act is a federal law designed to bring an orderly and systematic means of federal natural disaster and emergency assistance for state and local governments in carrying out their responsibilities to aid citizens. It was enacted in 1988.

Treasury and IRS will issue additional guidance as needed and continue working with Congress, on a bipartisan basis, on legislation to provide further relief to the American people.


March 12th, 2020 by Oscar

Paying taxes is not optional – it’s the law. Taxpayers do have options when it comes to how they pay their taxes. The IRS offers several easy ways to pay taxes. Taxpayers can pay online, by phone or with their mobile device using the IRS2Go app, just to name a few.

Some taxpayers must make quarterly estimated tax payments throughout the year. This includes sole proprietors, partners, and S corporation shareholders who expect to owe $1,000 or more when they file. Individuals who participate in the gig economy might also have to make estimated payments.

Here are five options for taxpayers who need to pay their taxes. They can:

  1. Pay when they e-file using their bank account, at no charge, using electronic funds withdrawal.
  2. Use IRS Direct Pay which allows taxpayers to pay electronically directly from their checking or savings account for free. They can choose to receive email notifications about their payments when they pay this way. Taxpayers should watch out for email schemes. IRS Direct Pay sends emails only to users who request the service.
  3. Pay using a payment processor by credit card, debit card or digital wallet options. Taxpayers can make these payments online, by phone or through the IRS2Go app.
  4. Make a cash payment at more than 7,000 participating retail stores nationwide. To pay with cash, visit and follow the instructions.
  5. Pay over time by applying for an online payment agreement. Once the IRS accepts an agreement, the taxpayers can make their payment in monthly installments.


March 5th, 2020 by Oscar

Los contribuyentes pueden reclamar el crédito tributario por hijo si tienen un hijo calificado menor de 17 años. Parte de este crédito puede ser reembolsable, por lo que puede reembolsar al contribuyente incluso si no debe ningún impuesto.

El hijo calificado del contribuyente debe tener un número de Seguro Social (SSN, por sus siglas en inglés) emitido por la Administración del Seguro Social antes de la fecha de vencimiento de su declaración de impuestos, incluidas las prórrogas.

Un dependiente que no tiene el SSN requerido puede ser elegible para que se le reclame bajo el crédito tributario para otros dependientes.

Aquí hay algunos números que debe saber antes de reclamar el crédito tributario por hijo o el crédito tributario para otros dependientes.

  1. $2,000: El monto máximo del crédito tributario por hijo, por hijo calificado.
  2. $1,400: El monto máximo del crédito tributario por hijo, por hijo calificado que se puede reembolsar incluso si el contribuyente no debe impuestos.
  3. $500: El monto máximo del crédito tributario para otros dependientes para cada dependiente calificado que no es elegible para que se le reclame bajo el crédito tributario por hijo. Esto puede incluir dependientes mayores de 16 años y dependientes que no tienen el SSN requerido.
  4. $400,000: El monto del ingreso bruto ajustado para los contribuyentes casados que presentan una declaración conjunta antes de que se reduzca el crédito.
  5. $200,000: El monto del ingreso bruto ajustado para todos los demás contribuyentes antes de que se reduzca el crédito.


February 27th, 2020 by Oscar

With the filing season just around the corner, taxpayers should be aware of the benefits of using direct deposit for refunds. It’s easy, secure and the fastest way to get a tax refund.

Here are 10 quick facts about direct deposit.

  1. It’s the best and fastest way for taxpayers to get their tax refund.
  2. It’s free.
  3. It’s secure.
  4. Taxpayers can deposit their refund into not only one, but also two or three accounts.
  5. Combining direct deposit with IRS e-file is the fastest way for taxpayers to receive their refund.
  6. When using direct deposit, there’s no risk of having a paper check stolen or lost.
  7. The IRS uses the same system to deposit tax refunds that Social Security and Veterans Affairs use to deposit benefits into millions of accounts.
  8. It’s easy. Just follow the instructions in the tax software or on the tax form.
  9. Taxpayers can use direct deposit even if they are filing by paper.
  10. Direct deposit saves taxpayers money. It costs the IRS more than $1 for every paper refund check issued, but only a dime for each direct deposit made.


February 21st, 2020 by Oscar

As taxpayers are getting ready to file their taxes, one of the first things they’ll do is gather their records. To avoid refund delays, taxpayers should gather all year-end income documents before filing a 2019 tax return.

It’s important for folks to have all the needed documents on hand before starting to prepare their return. Doing so helps them file a complete and accurate tax return. Here are some things taxpayers need to have before they begin doing their taxes.

  1. Social Security numbers of everyone listed on the tax return. Many taxpayers have these number memorized. Still, it’s a good idea to have them on hand to double check that the number on the tax return is correct. An SSN with one number wrong or two numbers switched will cause processing delays.
  2. Bank account and routing numbers. People will need these for direct deposit refunds. Direct deposit is the fastest way for taxpayers to get their money and avoids a check getting lost, stolen or returned to IRS as undeliverable.
  3. Forms W-2 from employers.
  4. Forms 1099 from banks and other payers.
  5. Any documents that show income, including income from virtual currency transactions. Taxpayers should keep records showing receipts, sales, exchanges or deposits of virtual currency and the fair market value of the virtual currency.
  6. Forms 1095-A, Health Insurance Marketplace Statement. Taxpayers will need this form to reconcile advance payments or claim the premium tax credit.
  7. The taxpayer’s adjusted gross income from their last year’s tax return.

Forms usually start arriving by mail or are available online from employers and financial institutions in January. Taxpayers should review them carefully. If any information shown on the forms is inaccurate, the taxpayer should contact the payer ASAP for a correction.


February 13th, 2020 by Oscar

Es una buena idea que las personas averigüen si deben presentar la declaración con la deducción estándar o detallar sus deducciones. Las deducciones reducen la cantidad de ingresos sujetos a impuestos al presentar una declaración de impuestos federales. En otras palabras, pueden reducir la cantidad de impuestos que adeudan.

Las personas deben entender que tienen la opción de tomar una deducción estándar o detallar sus deducciones. Los contribuyentes pueden usar el método que les permite pagar menos impuestos. De acuerdo a los cambios de la ley tributaria en los últimos dos años, es posible que las personas que detallaron en el pasado no tengan que continuar haciéndolo, por lo que es importante que todos los contribuyentes analicen cual de las dos deducciones les beneficia más.

Aquí hay algunos detalles acerca de los dos métodos para ayudar a las personas a entender cuál de ellos deben usar:

Deducción estándar

El monto de la deducción estándar se ajusta cada año y puede variar según el estado civil. El monto de la deducción estándar depende del estado civil del contribuyente, si son mayores de 65 años o ciegos, y si otro contribuyente puede reclamarlos como dependientes. Los contribuyentes que tienen 65 años o más el último día del año y no detallan las deducciones tienen derecho a una deducción estándar más alta.

La mayoría de los contribuyentes que usan el Formulario 1040 o el Formulario 1040-SR, Declaración de Impuestos de los Estados Unidos para personas mayores, pueden encontrar en la primera página su deducción estándar.

Los contribuyentes que no pueden usar la deducción estándar incluyen:

  1. Una persona casada que presenta una declaración como casada que presenta una declaración por separadcuyo cónyuge detalla las deducciones.
  2. Una persona que presenta una declaración de impuestos por un período de menos de 12 meses. Esto podría deberse a un cambio en su período contable annual.
  3. Una persona que fue un extranjero no residente con doble estatus durante el año. Sin embargo, los extranjeros no residentes que están casados ​​con un ciudadano estadounidense o extranjero residente pueden tomar la deducción estándar en ciertas situaciones.

Deducciones detalladas

Los contribuyentes tendrían que detallar las deducciones porque no pueden usar la deducción estándar. También pueden detallar las deducciones cuando esta cantidad es mayor que su deducción estándar.

Los contribuyentes que detallan el Anexo A, Formulario 1040, Deducciones detalladas o el Formulario 1040-SR, Declaración de Impuestos de los EE. UU. para personas mayores.

Un contribuyente puede beneficiarse al detallar deducciones por cosas que incluyen:

  1. Impuestos estatales y locales sobre ingresos o las ventas
  2. Impuestos de bienes raices y bienes personales
  3. Intereses hipotecarios
  4. Primas de seguro hipotecario
  5. Pérdidas fortuitas y robo de un desastre declarado a nivel federal
  6. Donativos a una organización benéfica calificada
  7. Gastos médicos y dentales no reembolsados ​​que exceden el 7.5% del ingreso bruto ajustado

Las deducciones detalladas individuales pueden ser limitadas. Las instrucciones del Formulario 1040, del Anexo A pueden ayudar a determinar qué limites aplican.


February 6th, 2020 by Oscar

The Internal Revenue Service wants seniors to know about the availability of a new tax form, Form 1040-SR, featuring larger print and a standard deduction chart with a goal of making it easier for older Americans to read and use.

The Bipartisan Budget Act of 2018 required the IRS to create a tax form for seniors. Taxpayers age 65 or older now have the option to use Form 1040-SR, U.S. Tax Return for Seniors. Form 1040-SR, when printed, features larger font and better readability.

Taxpayers who electronically file Form 1040-SR may notice the change when they print their return. More than 90% of taxpayers now use tax software to prepare and file their tax return.

Taxpayers born before Jan. 2, 1955, have the option to file Form 1040-SR whether they are working, not working or retired. The form allows income reporting from other sources common to seniors such as investment income, Social Security and distributions from qualified retirement plans, annuities or similar deferred-payment arrangements.

Seniors can use Form 1040-SR to file their 2019 federal income tax return, which is due April 15, 2020. All lines and checkboxes on Form 1040-SR mirror the Form 1040, and both forms use all the same attached schedules and forms. The revised 2019 Instructions cover both Forms 1040 and 1040-SR.

Eligible taxpayers can use Form 1040-SR whether they plan to itemize or take the standard deduction. Taxpayers who itemize deductions can file Form 1040-SR and attach Schedule A, Itemized Deductions, when filing a paper return. For those taking the standard deduction, Form 1040-SR includes a chart listing the standard deduction amounts, making it easier to calculate. It also ensures seniors are aware of the increased standard deduction for taxpayers age 65 and older.

Married people filing a joint return can use the Form 1040-SR regardless of whether one or both spouses are age 65 or older or retired. 

Both the 1040 and the 1040-SR use the same “building block” approach introduced last year that can be supplemented with additional Schedules 1, 2 and 3 as needed. Many taxpayers with basic tax situations can file Form 1040 or 1040-SR with no additional schedules.