Many of us need information when preparing our federal income tax returns, like which form to use or how to claim a credit. The IRS offers free information and services
Saving for your retirement can make you eligible for a tax credit worth up to $2,000. If you contribute to an employer-sponsored retirement plan, such as a 401(k) or to
The term “capital asset” for tax purposes applies to almost everything you own and use for personal or investment purposes. A capital gain or loss occurs when you sell a
Some people must pay taxes on their Social Security benefits. If you get Social Security, you should receive a Form SSA-1099, Social Security Benefit Statement, by early February. The form
The Internal Revenue Service will start processing tax returns for the vast majority of filers on Jan. 30. The agency had planned to open the tax season on Jan. 22,
College-bound students and their parents sometimes face last minute requests to complete or provide additional information for financial aid applications. The Internal Revenue wants to help by minimizing time spent
IRS YouTube Video: Tax Return Errors English | Spanish | ASL Podcast: Tax Return Errors English | Spanish WASHINGTON — The Internal Revenue Service today reminded taxpayers to review their
WASHINGTON — Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011. The Temporary Payroll Tax Cut Continuation
The IRS wants to remind all taxpayers that with the New Year fast approaching, there is still time for you to take steps that can lower your 2011 taxes. However,
WASHINGTON — Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. Some of these changes include