Some important things all taxpayers should do before the tax year ends
The IRS reminds taxpayers there are things they should do before the current tax year ends on Dec.31. Donate to charity Taxpayers may be able to deduct donations to tax-exempt organizations on their tax return. [...]
Taxpayers who aren’t eligible for the child tax credit should look into the credit for other dependents
The credit for other dependents is a tax credit available to taxpayers for each of their qualifying dependents who can’t be claimed for the child tax credit. The maximum credit amount is $500 for each [...]
IRS: Families now receiving September Child Tax Credit payments
The Internal Revenue Service and the Treasury Department announced today that millions of American families are now receiving their advance Child Tax Credit (CTC) payment for the month of September. This third batch of advance [...]
Understanding the tax responsibilities that come with starting a business
Small business owners have a variety of tax responsibilities. The IRS knows that understanding and meeting tax obligations is vital to the success of all businesses, especially a new one. IRS.gov has the resources and [...]
Taxpayers should review disaster resources on IRS.gov now in case they need help later
Natural disasters can – and do – happen at any time. Preparing in advance of a disaster can give people peace of mind after a disaster hits as they begin the recovery process. IRS.gov has [...]