Surprise Checks From The IRS
Watch your mail because you may receive a surprise check from the IRS! Payments of $1400 have been issued to 1 million taxpayers who did not claim the Recovery Rebate Credit due to them on their 2021 returns. There is no action to take to become one of the lucky million taxpayers. If you didn’t receive a surprise stimulus check this month, it means you claimed the credit on your 2021 taxes.
Although a surprise windfall is always nice, it’s best to take advantage of tax relief when it’s made available. Currently California wildlife victims can qualify for tax relief and have until October 15th, 2025 to file their 2024 federal individual and business tax returns. If you don’t have someone handling your 2024 tax return, hire a professional tax preparer to ensure you don’t miss out on tax credits that you’re due. If you enjoy doing your own taxes, stay up to date on the latest tax news online at IRS.gov.
In addition to working with a tax professional, tax planning services from Alloy Wealth will you manage the impact of taxes on your financial efforts. When you work hard, you want to have something to show for it at the end of the day. Tax planning and tax bill management will help you stay in the lowest tax bracket every year so you can have more money to invest towards your future financial goals. We’ll even teach you how to make withdrawals from retirement accounts in a tax-advantaged way. If you have questions about tax planning, call us at 800-689-3935.