Tax Basics: Understanding the Difference Between Standard and Itemized Deductions
The information in this article is up to date for tax year 2023 (returns filed in 2024). One of the first decisions taxpayers must make when completing a tax return is whether to take the standard deduction or itemize their deductions. There are several factors that...IRS Free File program coming soon
The IRS Free File program delivered by ezTaxReturn.com will be available for filing soon. We’re ready to provide you a fast and easy tax-filing experience. While the IRS has yet to announce the official opening date, we want to ensure you that we’re ready...
Maximum Educator Expense Deduction Is $300 in 2023
WASHINGTON – As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they’ll be able to deduct up to $300 of out-of-pocket classroom expenses for 2023 when they file their federal income tax return next year. This is the...
Vermont Flooding Victims Now Eligible for Tax Relief
WASHINGTON — Flooding victims anywhere in Vermont now have until Nov. 15, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is offering relief to any area designated by the Federal...
IRS Sends Special Mailing to Taxpayers in Certain Disaster Areas
Reading Time: 2 minutes WASHINGTON – The Internal Revenue Service is sending a special follow-up mailing to taxpayers in several states affected by disasters to let them know that they have additional time to pay their taxes. The IRS is taking this special step to...
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