2019

IRS Tax Tip 2019-150, October 28, 2019 Taxpayers may discover an error after filing their tax return. They shouldn’t panic, they just need to correct it by filing an amended tax return. Here are some common reasons to file an amended return: Using the wrong filing status Entering income incorrectly Not claiming credits for which they’re eligible Claiming …

Some taxpayers might need to amend a tax return…here’s what they should know Read More »

IRS Tax Tip 2019-147, October 22, 2019 After a natural disaster, taxpayers may need records to help them prove their disaster-related losses. This may be for tax purposes, getting federal assistance or insurance reimbursement. In many cases, these records may have been destroyed in the disaster. However, not all hope is lost as people can …

Taxpayers can follow these steps after a disaster to reconstruct records Read More »

IRS Tax Tip 2019-146, October 21, 2019 When a taxpayer files their tax return, they need to know their filing status. What folks should remember is that a taxpayer’s status could change during the year. So, any time is a good a time for a taxpayer to learn about the different filing statuses and which one …

Why it’s important for taxpayers to know their filing status Read More »

IRS Tax Tip 2019-145, October 17, 2019 There are two education credits that can help taxpayers with higher education costs: the American opportunity tax credit and the lifetime learning credit. There are several differences and some similarities between them. Taxpayers can claim both benefits on the same return, but not for the same student or same qualified expenses. Here’s a …

Taxpayers can compare eligibility and benefits of two education credits Read More »

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 …

Today is the filing extension deadline Read More »

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 …

The child tax credit benefits eligible parents Read More »

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 »