Individual

IRS Tax Tip 2019-82, June 25, 2019 When filling out financial aid applications, students and families may need to get tax information to complete the Free Application for Federal Student Aid form. The IRS Data Retrieval Tool is available to use with the 2019‒2020 FAFSA Form. This tool is the fastest, most accurate way to …

Tax transcript tips for those filing a FAFSA for the 2019-2020 college semesters Read More »

IRS Tax Reform Tax Tip 2019-81, June 24, 2019 While the federal income tax filing deadline has passed for most people, there are some taxpayers still facing tax-related issues. This includes taxpayers who haven’t paid their taxes and those who are waiting for their refund. Here are some tips for taxpayers handling some of the …

Tips for taxpayers who have tax issues after filing their taxes Read More »

IRS Tax Tip 2019-80, June 20, 2019 While the federal income tax-filing deadline has passed for most people, some taxpayers did not file an extension and still have not filed their tax returns. These taxpayers should file ASAP. They should do so even if they can’t pay to avoid potential penalties and interest, which can …

Taxpayers who still haven’t filed their 2018 tax return should do so ASAP Read More »

IRS Tax Tip 2019-79, June 19, 2019 Members of the military and their families often qualify for special tax benefits. For example, members of the armed forces don’t have to pay taxes on some types of income. In addition, special rules could lower the tax they owe or allow them more time to file and …

Members of the armed forces are entitled to certain tax benefits Read More »

IRS Tax Tip 2019-77, June 17, 2019 Taxpayers who receive certain types of income may need to have backup withholding taken from these payments. Backup withholding can apply to most payments reported on Forms 1099 and W-2G. Here are some facts to help taxpayers understand backup withholding and determine if they should have it withheld from their …

Here’s what taxpayers need to know about backup withholding Read More »

IRS Tax Reform Tax Tip 2019-76, June 13, 2019 Taxpayers who need to pay more before tax time have a few different options on how they can do so. First, all employees should make sure their employers are withholding the correct amount of tax from their paychecks. The best way for employees to check their …

Taxpayers have options for paying the tax they owe throughout the year Read More »

IRS Tax Reform Tax Tip 2019-75, June 12, 2019 Taxpayers who haven’t done a Paycheck Checkup to check their withholding in 2019 should do one as soon as possible. The best and easiest way to do a checkup is to use the Withholding Calculator on IRS.gov. However, some taxpayers may need to use Publication 505 to check their withholding. …

There are two ways taxpayers can check their withholding on IRS.gov Read More »

IRS Tax Reform Tax Tip 2019-74, June 11, 2019 Everyone should check their withholding by doing a Paycheck Checkup ASAP, even if they did one in 2018. The federal income tax is a pay-as-you-go tax. This means that taxpayers pay the tax as they earn or receive income during the year. This also means that …

Here’s what taxpayers should know about doing a Paycheck Checkup Read More »

IRS Tax Reform Tax Tip 2019-73, June 10, 2019 All taxpayers should check their withholding – also known as doing a Paycheck Checkup – as soon as possible. They should do a checkup even if they did one last year. By checking their withholding, taxpayers can make sure enough is being taken out of their …

All taxpayers should check their withholding ASAP Read More »