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H&R Block and TurboTax customers report issues with second stimulus check deposit

Millions of Americans were set to receive a second stimulus check[1] via direct deposit on Monday. But many people who filed their 2019 taxes with H&R Block or TurboTax tell CNBC Make It[2] that they are experiencing issues receiving their payments. Don’t miss: The best cash-back credit cards with no annual fee[3] The IRS began sending out a second round...

Tax Measures Under Canada’s COVID-19 Economic Response Plan

Reader Alert: On September 24th, 2020, the Speech from the Throne announced many tax and related initiatives including the extension of the Canada Emergency Wage Subsidy (the “CEWS”) program to the summer of 2021.[1] Reader Alert: On July 17, 2020, the Government of Canada released details, as well as draft legislation, in respect of a redesigned Canada Emergency Wage Subsidy...

Working from home this year? You may be eligible for a new tax deduction

TORONTO — With more Canadians working from home amid the COVID-19 pandemic, the Canada Revenue Agency (CRA) has simplified how employees can claim home office expenses[1] on their personal income tax return for 2020. The CRA announced on Tuesday that those who worked from home more than 50 per cent of the time over at least four consecutive weeks in...

Coronavirus Stimulus Checks: Here’s What IRS Wants You to Know Before 2020 Taxes

Filing taxes is one of the most important things that people need to do in the New Year. This time, however, it will be even more important because of the stimulus checks. Considering this, the IRS has come up with a press release[1] to help people file[2] their 2020 taxes, especially those who didn’t get coronavirus stimulus checks, or got...