IRS & Government

Nine Million People Who Missed Expanded Tax Benefits Still Have Time to File

COVIDTax Tip 2022-166, October 31, 2022 More than nine million people may qualify for tax benefits but didn't claim them…

2 years ago

Grandparents and Other Relatives With Eligible Dependents Can Qualify for 2021 Child Tax Credit

IR-2022-181, October 17, 2022 WASHINGTON — The Internal Revenue Service reminded families today that some taxpayers who claim at least…

2 years ago

Taxpayers Should Stay On Top of Taxes All Year to Avoid a Surprise Tax Bill

The next tax season seems far away, but this is actually the perfect time for taxpayers to review their withholding…

2 years ago

Tip Income Is Taxable and Must Be Reported

People who work in restaurants, salons, hotels and similar industries often receive tips for the customer service they provide. Tips…

2 years ago

401(K) Limit Increases to $22,500 for 2023, IRA Limit Rises to $6,500

WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2023…

2 years ago

Deadline to File Tax Returns to Get COVID Penalty Relief Postponed

Taxpayers in areas covered by certain Federal Emergency Management Agency disaster declarations may have more time to file their returns…

2 years ago

IRS Reminds Taxpayers That Free File Remains Open Until Nov. 17

IR-2022-179, October 14, 2022 WASHINGTON — The Internal Revenue Service reminds taxpayers today that those who requested an extension of…

2 years ago

Hurricane Fiona Victims in Puerto Rico Qualify for Tax Relief

WASHINGTON — Hurricane Fiona victims in all 78 Puerto Rican municipalities now have until Feb. 15, 2023, to file various…

2 years ago

IRS Free File Available Through Oct. 17 but, Taxpayers Shouldn’t Wait

Taxpayers who have not yet filed their 2021 tax return, should electronically file a complete and accurate return when they…

2 years ago

Got a Letter or Notice From the IRS? Here Are the Next Steps

When the IRS needs to ask a question about a taxpayer's tax return, notify them about a change to their…

2 years ago