Maxx Taxx Pros

01/26/2026

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01/26/2026

IR-2026-02, Jan. 8, 2026

WASHINGTON — The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. - go to www.maxxaxxpros.com click on start your taxes from you cell phone with our easy & convenient, MAXXTAXXGO mobile app. You may get money in your account as soon as the IRS accepts your tax return.

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01/23/2026

The "One Big Big Beautiful Bill" no tax on tips, and no tax on overtime deduction has increased tax refunds this year. E-mail us at [email protected] receive a link to get your taxes started today.

01/27/2022

Many businesses that have been severely impacted by coronavirus (COVID-19) will qualify for two new employer tax credits – the for Sick and Family Leave and the Retention Credit.

03/18/2021

The IRS will extend the filing season until Monday, May 17, 2021. The one-month extension is for filing and payment.

03/13/2021

The third round of Economic Impact Payments (EIP3) will be based on the taxpayer’s latest processed tax return from either 2020 or 2019. This includes anyone who successfully registered online at IRS.gov using the agency’s Non-Filers tool last year, or alternatively, submitted a special simplified tax return to the IRS. If the IRS has received and processed a taxpayer’s 2020 return, the agency will instead make the calculation based on that return.

03/13/2021

Following approval of the American Rescue Plan Act, the first batch of payments will be sent by direct deposit, which some recipients will start receiving as early as this weekend, and with more receiving this coming week.

Additional batches of payments will be sent in the coming weeks by direct deposit and through the mail as a check or debit card. The vast majority of these payments will be by direct deposit.

No action is needed by most taxpayers; the payments will be automatic and, in many cases, similar to how people received the first and second round of Economic Impact Payments in 2020. People can check the “Get My Payment” tool on IRS.gov on Monday to see the payment status of the third stimulus payment.

03/13/2021

The President signed into law the American Citizen Coronavirus Relief Act which includes stimulus payments (EIP 3) to eligible taxpayers.

Who is eligible?

Individuals making $75,000 or less a year and their dependents each would receive checks of $1,400 each. The payments decrease gradually for individuals earning above $75,000 — and they phase out completely for individuals making $80,000 or more. That’s a change from a prior income cap of $100,000.

Couples who file taxes jointly and earn $150,000 or less a year and their dependents each will get full payments of $1,400. The checks become gradually smaller for joint filers making above $150,000, and they phase out entirely at $160,000. That’s a change from a prior income cap of $200,000 for couples.

“Head of household” filers, such as single parents, would see a phase-out starting above an income level of $112,500 and no payments at $120,000 vs. a previous cap of $150,000

02/27/2021

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02/27/2021

Be sure you are getting the maximum earned income credit this year.

If your earned income was higher in 2019 than in 2020, you can use the 2019 amount to figure your EITC for 2020. This temporary relief is provided through the Taxpayer Certainty and Disaster Tax Relief Act of 2020.

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Maxx Taxx Pros LLC is a Tax Preparation IRS authorized e-file provider. We offer a refund advance program for on-line, drop off, and in person service.

02/24/2021

The Earned Income Tax Credit (EITC) is a significant tax credit for workers who earned $56,844 or less in 2020. The IRS estimates four out of five eligible taxpayers claim and get the EITC. Nationwide in 2020, around 25 million taxpayers received over $62 billion in EITC. The average EITC amount received was $2,461 per return. The EITC is worth as much as $6,660 for a family with three or more children or up to $538 for taxpayers who do not have a qualifying child.

02/22/2021

Recovery Rebate Credit

The IRS announced last week that, as required by law, all legally permitted first and second round of Economic Impact Payments have been issued. Get My Payment was updated on January 29 to reflect the final payments and will not be updated again. If individuals didn’t receive all or part of their payment, they may be eligible to claim the Recovery Rebate Credit with their 2020 tax return.

Important Notes:

Claiming the wrong amount of the Recovery Rebate Credit will cause the return to require additional IRS review which will delay refund processing. Taxpayers can confirm their stimulus payments either by referencing IRS-mailed Payment Confirmation Notices 1444 and 1444-B, checking their bank account activity, creating/viewing their online account, verifying issued payments through the Get My Payment tool, or requesting an account transcript.

Eligibility for the RRC is based on 2020 tax year information, while the Economic Impact Payments were based on 2019 (or 2018) information.