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Last updated on Wednesday, August 14, 2019
IR-2019-144 August 14, 2019 WASHINGTON — The Internal Revenue Service is automatically waiving the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver. The IRS will apply this waiver to tax accounts of all eligible taxpayers, so there is […]
Last updated on Monday, August 12, 2019
IR-2019-141, August 8, 2019 WASHINGTON — The Internal Revenue Service today urged taxpayers to resolve their significant tax debts to avoid putting their passports in jeopardy. They should contact the IRS now to avoid delays in their travel plans later. Under the Fixing America’s Surface Transportation (FAST) Act, the IRS notifies the State Department (State) […]
Last updated on Monday, August 12, 2019
IRS Tax Tip 2019-104, August 5, 2019 Taxpayers who use their home for business may be eligible to claim a home office deduction. It allows qualifying taxpayers to deduct certain home expenses on their tax return. This can reduce the amount of the taxpayer’s taxable income. Here are some things to help taxpayers understand the home office deduction […]
Last updated on Monday, August 12, 2019
IRS Tax Reform Tax Tip 2019-102, July 31, 2019 Summer is a season when people have fun, yet get things done. From buying a new house to cleaning their old one, taxpayers who itemize their deductions may be doing things this summer that will affect the tax returns they file next year. The higher standard […]
Last updated on Monday, August 12, 2019
IRS Tax Tip 2019-101, July 30, 2019 A taxpayer’s adjusted gross income is one factor that determines how much tax they owe. Taxpayers who plan today can lower their AGI. This tip is one in a series about tax planning. These tips focus on steps taxpayers can take now to help them down the road. Here are […]
Last updated on Thursday, July 25, 2019
IRS Tax Reform Tax Tip 2019-99, July 25, 2019 Tax credits and deductions can mean more money in a taxpayer’s pocket. Most people only think about this when they file their tax return. However, thinking about it now can help make filing easier next year. This tip is one in a series about tax planning. These tips […]
Last updated on Thursday, July 25, 2019
IRS Tax Tip 2019-98, July 24, 2019 Single or married? Kids or no kids? These are just a couple of questions that will help someone determine their tax filing status. Taxpayers usually only think about their filing status when filing their returns. However, this is something to think about all year, especially if it changes. […]
Last updated on Tuesday, July 9, 2019
IRS Tax Reform Tax Tip 2019-88, July 8, 2019 Taxpayers should be aware of tax law changes related to alimony and separation payments. These payments are made after a divorce or separation. The Tax Cuts and Jobs Act changed the rules around them, which will affect certain taxpayers when they file their 2019 tax returns […]
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