Issue Number: Tax Tip 2017-11 Inside This Issue Five Things to Know About the Child Tax Credit The Child Tax Credit is a tax credit that may save taxpayers up to $1,000 for each eligible qualifying child. Taxpayers should make sure they qualify before they claim it. Here are five facts from the IRS on the […]
Issue Number: IRS Tax Tip 2017-10 Inside This Issue Don’t Fall for Scam Calls and Emails Posing as IRS Scams continue to use the IRS as a lure. These tax scams take many different forms. The most common scams are phone calls and emails from thieves who pretend to be from the IRS. Scammers use the […]
Issue Number: IRS Tax Tip 2017-09 Inside This Issue Early Withdrawals from Retirement Plans Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of income tax taxpayers may have to pay. Here are a few key points to know […]
Issue Number: IRS Special Edition Tax Tip 2017-02 Inside This Issue IRS Debunks Myths Surrounding Tax Refunds As millions of people begin filing their tax returns, the Internal Revenue Service reminds taxpayers about some basic tips to keep in mind about refunds. During the early parts of the tax season, taxpayers are anxious to get details […]
Issue Number: IRS Tax Tip 2017-08 Inside This Issue Top Ways to Get Help Now From IRS.gov IRS.gov is a convenient place to get answers when it’s time to file a tax return. Many tools and services are here, available 24/7. Here are some helpful ways to use IRS.gov: Get Answers to Tax Questions. The Interactive […]
Issue Number: IRS Tax Tip 2017-07 Inside This Issue Choosing the Correct Filing Status When taxpayers file their tax return, it’s important they use the right filing status because it can affect the amount of tax they owe for the year. It may even determine if they must file a tax return at all. Taxpayers should […]
Issue Number: IRS Tax Tip 2017-06 Inside This Issue How Exemptions and Dependents Can Reduce Taxable Income Most taxpayers can claim an exemption for themselves and reduce their taxable income on their tax return. They may also be able to claim an exemption for each of their dependents. Each exemption normally allows them to deduct $4,050 […]
Issue Number: IRS Tax Tip 2017-03 Inside This Issue Five Reasons to Choose Direct Deposit Easy, safe and fast — that’s direct deposit. It’s the best way to get a tax refund. Eighty percent of taxpayers choose it every year. The IRS knows taxpayers have a choice of how to receive their refunds. IRS Direct Deposit: […]
Issue Number: IR-2017-09 Inside This Issue Working Grandparents May Be Eligible for EITC IRS YouTube Video Claiming EITC or ACTC? Your Refund May Be Delayed: English | Spanish | ASL WASHINGTON – The Internal Revenue Service wants working grandparents raising grandchildren to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if […]
Five Tips on Whether to File a 2016 Tax Return Most people file a tax return because they have to. Even if a taxpayer doesn’t have to file, there are times they should. They may be eligible for a tax refund and not know it. Here are five tips on whether to file a tax […]