If you, your spouse or a dependent are heading off to college in the fall, you may be able to claim a tax credit on your federal tax return. Below we have highlighted some of the credits that may save you money at tax time. Contact one of our professionals to see if you are eligible to claim education credits.
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Students and teenagers often get summer jobs to earn extra spending money or to save for later. The IRS offers a few tax tips for taxpayers with a summer job…
With continuing phone scams and in-person scams taking place across the country, the IRS reminds taxpayers that IRS employees do make official, sometimes unannounced, visits to taxpayers as part of their routine casework. Taxpayers should keep in mind the reasons these visits occur and understand how to verify if it is the IRS knocking at their door.
The Internal Revenue Service recently released an updated Withholding Calculator and a new version of Form W-4 to help taxpayers check their 2018 tax withholding following the major changes in the tax law.
One only needs to read the daily news to realize that hackers are getting better and protecting your personal data is more important than ever. Criminals continue to steal large amounts of personal data from taxpayers. Taxpayers can follow a few simple steps to protect their personal and financial data online.
The Internal Revenue Service recently issued the 2018 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Anyone with an online presence can do a few simple things to protect their identity and personal information. Following these eight steps can also help taxpayers protect their tax return and refund in 2018.
The Internal Revenue Service announced the tax year 2018 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules and other tax changes. The tax year 2018 adjustments generally are used on tax returns filed in 2019. The tax items for tax year 2018 of greatest interest to most taxpayers include the following dollar amounts:
The Internal Revenue Service offers to help hurricane victims. Below is a rundown of key tax relief that has been made available to victims of Hurricanes Harvey, Irma and Maria.
The Internal Revenue Service announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Irma and members of their families. This is similar to relief provided last month to victims of Hurricane Harvey.