Relevant, timely, professional services and products
IRS Tax Tip 2019-144, October 16, 2019 It might not seem like the obvious choice, but one way for people to help others in their community is by volunteering with the IRS. The agency is looking for people to prepare tax returns at free tax preparation sites across the country. People can sign up through …
People can help improve communities and learn new skills as IRS-certified volunteer Read More »
IRS Tax Tip 2019-143, October 15, 2019 Most taxpayers who requested an extension of time to file their 2018 tax return must file today. Those filing today who also owe should pay as much as possible to reduce interest and penalties. Here are a few resources on IRS.gov to help last-minute filers: Filing for IndividualsThis …
IRS Tax Tip 2019-142, October 10, 2019 Taxpayers who donate to a charity may be able to claim a deduction on their tax return. These deductions basically reduce the amount of their taxable income. Taxpayers can only deduct charitable contributions if they itemize deductions. Here are some resources for people making donations: Tax Exempt Organization …
Taxpayers who donate to charity should check out these resources Read More »
IRS Tax Tip 2019-141, October 9, 2019 Taxpayers who claim at least one child as their dependent on their tax return may be eligible to benefit from the child tax credit. It’s important for people who might qualify for this credit to review the eligibility rules to make sure they still qualify. Taxpayers who haven’t qualified in the …
IRS Tax Reform Tax Tip 2019-140, October 8, 2019 Taxpayers who filed an extension can find resources on IRS.gov that can help them file their tax return. One of these resources is Publication 5307, Tax Reform Basics for Individuals and Families (PDF). This publication is now available in several different languages. This publication has info to …
Tax reform publication translated into different languages Read More »
IRS Tax Tip 2019-139, October 7, 2019 The earned income tax credit benefits working people with low-to-moderate income. Last year, the average credit was $2,445. EITC not only reduces the amount of tax someone owes, but may also give them a refund, even if they don’t owe any tax at all. Here are a few things people …
The earned income tax credit can put money in taxpayers’ pockets Read More »
IRS Tax Tip 2019-138, October 3, 2019 Taxpayers with dependents may qualify to claim a few different tax credits. One of these is the child tax credit. The child tax credit benefits people whose dependent meets a series of tests. If the dependent doesn’t meet those qualifications, the taxpayer may be able to claim the credit …
Here’s how the credit for other dependents can benefit taxpayers Read More »
IRS Tax Tip 2019-137, October 2, 2019 Now that fall is here and school has started, many teachers are dipping into their own pockets to buy classroom supplies. Doing this throughout the year can add up fast. Fortunately, eligible educators may be able to defray qualified expenses they paid in 2019 when they file their …
What teachers should know about deducting out-of-pocket classroom expenses Read More »
IRS Tax Tip 2019-136, October 1, 2019 Some taxpayers may think they need to visit an IRS office for help in person with their tax issues. However, many of these people may actually find what they need online or by phone. In fact, many questions can be answered without ever having to visit to an …
Taxpayers can explore several tax help options before visiting an IRS office Read More »
IRS Tax Tip 2019-135, September 30, 2019 All taxpayers have rights when they interact with the IRS. These ten rights are theTaxpayer Bill of Rights, and they cover a wide range of topics and issues that directly affect taxpayers. These rights explain what taxpayers can expect in the event they need to work with the …
Taxpayer Bill of Rights outlines protections for all taxpayers Read More »