The Credit for Other Dependents is a tax credit available to taxpayers for each of their qualifying dependents who can't be claimed for...

If you are a qualified taxpayer or authorized representative (Power of Attorney) you can apply for a payment plan (including installment...

People might refer to cryptocurrency as a virtual currency, but it's not a true currency in the eyes of the IRS. According to IRS Notice...

Normally, participants who withdraw money from a tax-deferred retirement account before reaching age 59½, must pay a 10% early withdrawal...

Keep good tax records by tracking your Advance Child Tax Credit payments received from the IRS using this tracking form:...

As taxpayers get ready for the upcoming filing season, it is important for them to know their correct filing status. A taxpayer’s filing...

If you didn't get a first (1,200) and second ($600) Economic Impact Payment or got less than the full amounts, you may be eligible to...

There is the tool on the IRS web-site to check the status of Federal Tax Refund: https://www.irs.gov/refunds Where’s My Refund? will...

The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500,...

The Internal Revenue Service today reminded taxpayers that a special tax provision will allow more Americans to easily deduct up to $600...

If you have a service animal, you may get a tax break under the Medical Expense deduction. To qualify, your medical expenses paid during...

For employees, withholding is the amount of federal income tax withheld from your paycheck. The amount of income tax your employer...

On Monday, Nov. 1, the IRS will launch a new feature allowing any family receiving monthly Child Tax Credit payments to update their...

E-filing is available for amending 2019 and 2020 returns that were originally e-filed. E-filing amended returns will result in much...

A letter from the IRS may give any taxpayer cause for concern. The CP2000 letter usually sent to you when the information on your tax...

If you buy a home testing kit, you may treat it as a deductible medical expense if you itemize deductions (IR-2021-181). It is an expense...

Earlier this year, the Consolidated Appropriations Act (CAA) 2021 introduced a temporary 100% deduction for expensing business meals...

Sometimes referred to informally as “comfort letters,” a typical verification request relates to a client’s pending loan or refinance...

I remind you about the upcoming October 15 due date to file 2020 tax returns. People who asked for an extension should file on or before...

There are important changes to the Child Tax Credit this year. It is helping many families get advance payments of the credit starting...