The Drake Software Blog
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IRS Recommends Direct Deposit for Fast and Flexible Tax Refunds
The Internal Revenue Service closed out the week by reminding taxpayers that receiving a tax refund by direct deposit is…
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Today is the Deadline for Making a TY 2020 Fourth Quarter Estimated Tax Payment
The Internal Revenue Service is reminding taxpayers that today—January 15, 2021—is the deadline for making a tax year 2020 fourth…
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All Taxpayers Now Eligible for Identity Protection PINs
The Internal Revenue Service is expanding just who is eligible for an Identity Protection PIN. In fact, the IRS has…
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Treasury Issuing Millions of EIPs by Debit Card in Second Round
It’s a busy time for the Treasury Department and the Internal Revenue Service. They’re sending out some 8 million second-round…
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What is the taxable income QBI threshold for 2020?
There are two income thresholds for claiming QBI in tax year 2020: $163,300 for single taxpayers, heads of household, qualifying…
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