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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 »
IRS Tax Tip 2019-134, September 26, 2019 With scam artists hard at work all year, taxpayers should watch for new versions of tax-related scams. One such scam involves fake property liens. It threatens taxpayers with a tax bill from a fictional government agency. Here are some details about the property lien scam that will help …
IRS Tax Tip 2019-133, September 25, 2019 IRS offers webinars to help small businesses and other employers answer their tax related questions. Taxpayers can visit IRS.gov anytime for a complete list of these webinars. Below are the details about two of the agency’s upcoming webinars. These free one-hour webinars help taxpayers understand tax obligations for …
Free webinars cover foreign tax credit and taxes for people working abroad Read More »
IRS Tax Tip 2019-132, September 24, 2019 It’s almost here…the filing deadline for taxpayers who requested an extension to file their 2018 tax return. This year’s deadline is Tuesday, October 15. Even though time before the extension deadline is dwindling, there’s still time for taxpayers to file a complete and accurate return. Taxpayers should remember …
The filing deadline for extension filers is almost here Read More »