Tax season is approaching, IRS has a few changes
From some people working at home to over a million new unemployment claimants in Tennessee since march and stimulus payment going out the internal revenue service has a few changes this tax season.
One being the start date to file being moved to February 12th.
“My recommendations would be to make sure you went to a tax professional that is licensed in electronic return originator. So much is happening, people are falling into different categories. Some are employed or self employed last year. May have been dependents of others, some may not have qualified for stimulus payments," says Tiffany Nance.
Tiffany Nance owns Nance tax service in Alamo, Tennessee she says although she has been a tax preparer for 15 years this tax season they had to adapt to the changes around them.
“We’re able to set up zoom appointments with you. We have ways for you to email us your documentation and your identification. With those things you don’t have to come into the office," adds Nance.
Nance says the IRS is allowing filers to look back at their 2019 taxes for credits because of COVID-19 changing many peoples employment status.
“Because of COVID-19 a lot of workers have made less money or they’ve been unemployed. So, now the internal revenue service has come up with new rules. Now, you are able to look back at your 2019. Credits like the earned income tax credit or the child tax credit that you qualified for. You may qualify for less now but you have that opportunity to get those funds," says Nance.
For more information about this years tax season visit irs.gov