Latest Headlines
  • Special tax benefits for armed forces

    Members of the military and their families are often eligible for certain tax breaks. For example, members of the armed forces don’t have to pay taxes on some types of income. Special rules could also lower the tax they owe or give them more time […]

    Full Story

  • Plan ahead for vacation home rentals

    During the summer, taxpayers often rent out their property. They usually think about things such as cleanup and maintenance, but owners also need to be aware of the tax implications of residential and vacation home rentals. If taxpayers receive money for the use of a […]

    Full Story

  • Law change affects moving, mileage and travel expenses; Offers higher depreciation limits for some vehicles

    WASHINGTON –  The Internal Revenue Service today provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect: Move related vehicle expenses Un-reimbursed employee expenses Vehicle expensing Changes to the deduction for move-related vehicle expenses The Tax Cuts and […]

    Full Story

  • Tips for Taxpayers Who Missed the April Filing Deadline

    While the federal income tax-filing deadline has come and gone for most people, some taxpayers still haven’t filed or paid their taxes. Here are some tips for handling common issues after the filing deadline has passed: Anyone who didn’t file and owes tax should file […]

    Full Story

  • Tax credit can help employers hiring new workers; key certification requirement applies

    WASHINGTON —With many businesses facing a tight job market, the Internal Revenue Service reminds employers to check out a valuable tax credit available to them for hiring long-term unemployment recipients and other categories of workers with employment barriers. During National Small Business Week — April 29 […]

    Full Story

  • How the Employer Credit for Family and Medical Leave Benefits Employers

    During National Small Business Week, the IRS focuses on educating employers about the employer credit for paid family and medical leave created by the Tax Cuts and Jobs Act passed last year. Employers may claim the credit based on wages paid to qualifying employees while […]

    Full Story