Texan taxpayers affected by winter storms have two extra months to file their returns this year, IRS says
SAN ANTONIO – The Internal Revenue Service is extending tax season deadlines for Texans affected by last week’s winter storms. Individuals and businesses included in the Federal Emergency Management Agency’s recent disaster declaration now have until June 15, 2021, to file their tax returns and pay anything they owe to the IRS. For example, individual tax returns and quarterly estimated income tax payments -- typically due on April 15 -- are now due on June 15. Affected taxpayers can deduct personal property losses not covered by their insurance or through other reimbursements, according to the IRS. For more information on the IRS’s changes for those affected by the winter storms, click here.
Eligible educators can deduct out-of-pocket expenses for COVID-19 protective items used in classroom, IRS says
SAN ANTONIO – If you’re an educator filing a tax return this year, you may be eligible to deduct unreimbursed expenses for COVID-19 protective items used in the classroom. The educator expense deduction applies to eligible educators for unreimbursed expenses paid or incurred after March 12, 2020, for the COVID-19 protective items. The IRS says eligible educators include any individual who is a kindergarten through 12th grade teacher, instructor, counselor, principal or aide in a school for at least 900 hours during a school year. The IRS will allow educators to deduct up to $250 of qualifying expenses per year. AdThe IRS says the deduction applies to expenses paid or incurred only during the tax year.
How to spot and report tech scams to the FTC
SAN ANTONIO – Many people are working and learning from home and using their tech more than ever, and with the increased use comes an increased risk for tech support scams. If you come across one of these pop-ups, don’t call the number or click on any links. Never share access to your computer or provide your bank account, credit card or Social Security numbers with anyone who contacts you. And if you need tech support, contact a computer technician you trust or a trusted company. For more information from the FTC on tech scams, click here.