2020 Tax FAQ

Are my unemployment benefits taxable? Normally, yes however for 2020 the first $10,200 of unemployment benefits are tax-free.   What to do if I already filed my taxes and I had unemployment? The IRS also recently announced that filers who submitted their 2020 tax returns without accounting for a tax exemption on $10,200 of unemployment…

2021 IRS Filing Dates to Know

This year (2021) is the latest start to tax season that we have ever seen! Leave it to your local tax experts at Meadville Tax Service to guide you through it. Call 814–333-2488 to schedule an appointment today! There are several important dates taxpayers should keep in mind for this year’s filing season: February 12. IRS…

7 Essential Tax Terms

7 Essential Tax Terms

Taking the time to learn more about taxes is always a smart decision. However, the world of taxes is filled with terms that may be obscure for the uninitiated. That’s why today we’d like to share with you 7 essential tax terms. Direct Deposit This is considered the best and fastest way for taxpayers to…