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Tax Time Guide: Most people affected by major tax reform changes; Special publication, other online resources can help

Last updated on Tuesday, March 5, 2019

IR-2019-22, February 26, 2019 WASHINGTON — With major tax law changes impacting every taxpayer, the Internal Revenue Service has developed a special electronic publication and other online resources designed to help people understand how tax reform affects them this year and the years ahead. This news release is part of a series called the Tax Time […]

Videos help taxpayers learn more about tax reform

Last updated on Thursday, February 14, 2019

IRS Tax Reform Tax Tip 2019-08, February 13, 2019 The IRS has several videos that can help individual and business taxpayers learn more about the tax reform legislation. The IRS posts these videos on the IRS Video Portal and to their YouTube channel. Aside from these sites, the IRS offers tax reform information on its other social media […]

Here’s how taxpayers can pay their taxes

Last updated on Wednesday, February 13, 2019

IRS Tax Tip 2019-07, February 12, 2019 The IRS offers several payment options where taxpayers can pay immediately or arrange to pay in installments. Taxpayers can pay online, by phone, or with their mobile device and the IRS2Go app. Taxpayers should pay in full whenever possible to avoid interest and penalty charges. Here are some […]

Where’s My Refund? tool lets taxpayers check status of their refund

Last updated on Monday, February 11, 2019

IRS Tax Tip 2019-05, February 6, 2019 The best way for taxpayers to check the status of their refund is to use the Where’s My Refund? tool on IRS.gov. This tool gives taxpayers access to their tax return and refund status anytime. All they need is internet access and three pieces of information: Their Social Security number […]

Here’s what taxpayers should consider when determining if they need to file

Last updated on Monday, February 11, 2019

IRS Tax Tip 2019-03, January 31, 2019 As people prepare to file their taxes, there are things to consider. They will want to determine if they need to file and the best way to do so. For tax year 2018, all individual taxpayers will file using the new Form 1040. Forms 1040A and 1040EZ are […]

IRS issues standard mileage rates for 2019 #mileagerates #2019taxumbers #mileagededuction

Last updated on Friday, December 14, 2018

IRS issues standard mileage rates for 2019 WASHINGTON — The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, […]

New tax credit benefits employers who provide paid family and medical leave #taxcredit #paidfamilyleave

Last updated on Tuesday, December 11, 2018

IRS Tax Reform Tax Tip 2018-183, November 28, 2018 Tax reform legislation enacted in December 2017 offers a new tax credit for employers who provide paid family and medical leave. Here are several facts about how this credit works and which employers are eligible to claim it: The credit is available for wages paid in […]

Proposed hardship withdrawal regulations include relief for disaster victims: Retirement plans can now make loans, hardship distributions to victims of Hurricanes Michael and Florence #disastervictims #taxrelief #taxbreak

Last updated on Tuesday, December 11, 2018

WASHINGTON — The Internal Revenue Service recently announced that 401(k) plans and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Michael and Hurricane Florence and to members of their families. This relief was included in the preamble to proposed regulations, published Nov. 14 in the Federal Register, implementing several […]

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