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New law makes clear: Combat-zone contract workers qualify for foreign earned income exclusion

Last updated on Monday, August 27, 2018

WASHINGTON — Certain U.S. citizens or resident aliens, specifically contractors or employees of contractors supporting the U.S. Armed Forces in designated combat zones, may now qualify for the foreign earned income exclusion. The Bipartisan Budget Act of 2018, enacted in February, changed the tax home requirement for eligible taxpayers, enabling them to claim the foreign […]

For people involved in the sharing economy: Do a ‘Paycheck Checkup’ now, avoid a surprise year-end tax bill

Last updated on Wednesday, August 22, 2018

WASHINGTON — The Internal Revenue Service urges anyone working in the sharing economy to perform a Paycheck Checkup now to avoid an unexpected tax bill when they file their return next year. Many people working in the sharing economy are employees, in which case their employers should be withholding taxes from their wages. Many others […]

Here?s what taxpayers do when they have to file a new W-4

Last updated on Monday, August 20, 2018

The IRS reminds taxpayers to look into whether they need to adjust their paycheck withholding. Taxpayers who do need to adjust their withholding should submit a new Form W-4, Employee?s Withholding Allowance Certificate to their employers. Taxpayers can use the updated Withholding Calculator on IRS.gov to do a quick ?paycheck checkup? to check that they?re […]

Taxpayers who support dependents should check their withholding now

Last updated on Monday, August 20, 2018

Taxpayers who support dependents that can’t be claimed for the child tax credit should head over to the Withholding Calculator on IRS.gov and do a “paycheck checkup” ASAP. They can use the calculator to make sure they are having their employers withhold the right amount of tax from their paychecks this year. The Tax Cuts […]

IRS tells taxpayers who got a big refund to do a “paycheck checkup”

Last updated on Monday, August 13, 2018

After filing tax returns, many people put taxes far out of their mind. However, taxpayers who received a large tax refund this year should think about taxes again…and the sooner the better. The IRS urges these taxpayers to visit the Withholding Calculator on IRS.gov and do a “paycheck checkup.” Doing so will help them make […]

Here’s how the IRS contacts taxpayers

Last updated on Thursday, August 2, 2018

Everyone should know how the IRS contacts taxpayers. This will help people avoid becoming a victim of scammers who pretend to be from the IRS with a goal of stealing personal information. Here are some facts about how the IRS communicates with taxpayers: The IRS doesn’t normally initiate contact with taxpayers by email. The agency […]

IRS offers guidance on recent 529 education savings plan changes

Last updated on Thursday, August 2, 2018

WASHINGTON — The Internal Revenue Service and Department of the Treasury today announced their intent to issue regulations on three recent tax law changes affecting popular 529 education savings plans. Notice 2018-58, addresses a change included in the 2015 Protecting Americans From Tax Hikes (PATH) Act, and two changes included in the 2017 Tax Cuts […]

What taxpayers should know about amending a tax return

Last updated on Thursday, August 2, 2018

Taxpayers who discover they made a mistake on their tax returns after filing can file an amended tax return to correct it. This includes things like changing the filing status, and correcting income, credits or deductions. Here are some tips for taxpayers who need to amend a tax return. Complete and mail the paper Form […]

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