Before toasting the new year, taxpayers should review this to-do list
Reading Time: 2 minutesWhether they plan to stay up to greet the new year or go to bed early, taxpayers can get ready for 2023 by reviewing these common end-of-year tasks. People can always visit IRS’ Get Ready webpage for info on filing their tax...
Here’s How To Avoid IRS Text Message Scams
Reading Time: < 1 minuteHere is a video tax tip from the IRS: Here’s How To Avoid IRS Text Message Scams English | Spanish | ASL Subscribe today: The IRS YouTube channels provide short, informative videos on various tax related topics in English,...
People and families paying for disability-related expenses should consider an ABLE savings account
Reading Time: 2 minutesPeople with disabilities and their families can use Achieving a Better Life Experience or ABLE accounts to help pay for qualified disability-related expenses. ABLE accounts are tax-advantaged savings accounts that don’t affect...
There’s more to determining filing status than being married or single
Reading Time: 2 minutesSome taxpayers are eligible for more than one filing status. As they get ready for the upcoming filing season, taxpayers should carefully review their options to pick the filing status that makes the most sense for them. Those who are only...
Special reminder for IRA owners age 70½ or over
Reading Time: 2 minutesWASHINGTON — The Internal Revenue Service today reminded IRA owners age 70½ or over of their option to transfer up to $100,000 to charity tax-free each year. These transfers, known as qualified charitable distributions or QCDs, offer eligible...
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