IR-2023-23, Feb. 10, 2023 WASHINGTON — The Internal Revenue Service provided details today clarifying the federal tax status involving special payments made by 21 states in 2022. The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their […]

Source: IRS Seniors and retirees who want to file their taxes for free or find free in-person tax help can look at a few programs available for eligible taxpayers. In-person IRS help for seniors and low-income taxpayersEligible taxpayers can also have their taxes prepared in person for free, through these two programs: Taxpayers can go […]

Source: IRS Issue Number: Tax Tip 2023-15 Whether someone travels for work once a year or once a month, figuring out travel expense tax write-offs might seem confusing. The IRS has information to help all business travelers properly claim these valuable deductions.   Here are some tax details all business travelers should knowBusiness travel deductions are available […]

IR-2023-17, January 31, 2023 WASHINGTON — To help taxpayers navigate the beginning of the tax filing season, the Internal Revenue Service today offered a checklist of reminders for people as they prepare to file their 2022 tax returns. From gathering paperwork to filing a tax return, these easy steps will make tax preparation smoother in […]

Source: IRS, Tax Tip 2023-12 Navigating the tax return preparation process can be intimidating if you’re filing for the first time. IRS Free File can help. This program provides free tax preparation, free electronic filing and free direct deposit for eligible taxpayers. The IRS Free File income limit for tax year 2022 is $73,000 for families and […]

Source: IRS Issue Number:    IR-2023-17  WASHINGTON — To help taxpayers navigate the beginning of the tax filing season, the Internal Revenue Service today offered a checklist of reminders for people as they prepare to file their 2022 tax returns. From gathering paperwork to filing a tax return, these easy steps will make tax preparation smoother in […]

On EITC Awareness Day, IRS and partners promote major tax benefit to millions of low- and moderate-income workers Source: Issue Number:    IR-2023-16   Inside This Issue WASHINGTON – The Internal Revenue Service and partners nationwide today kicked off their Earned Income Tax Credit Awareness Day outreach campaign to help millions of Americans who earned $59,187 or less last year […]

Source: IRS         IR-2023-12, January 24, 2023 WASHINGTON — The Internal Revenue Service today reminded taxpayers that they must again answer a digital asset question and report all digital asset-related income when they file their 2022 federal income tax return, as they did for fiscal year 2021. The term “digital assets” has replaced “virtual currencies,” a […]

Source: IRS WASHINGTON – The Internal Revenue Service today announced Monday, Jan. 23, 2023, as the beginning of the nation’s 2023 tax season when the agency will begin accepting and processing 2022 tax year returns. More than 168 million individual tax returns are expected to be filed, with the vast majority of those coming before […]

Source: IRS   IR-2022-182, October 18, 2022 WASHINGTON — The Internal Revenue Service today announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38 provides details about these annual adjustments. New for 2023 The Inflation Reduction Act extended certain energy related […]