obÌåÓý

FAQs that define Form 1099-K and other terms used within the FAQs.

Frequently asked questions on Filing Payment Card and Third Party Network Transactions.

IR-2022-188, October 21, 2022 ¡ª The IRS announced today that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The IRS today also issued technical guidance regarding all of the cost of living adjustments

COVID Tax Tip 2022-162, October 24, 2022 ¡ª No matter how much people plan, unexpected events occur. Often, those events result in unplanned expenses. To cover these costs sometimes people, withdraw funds from their retirement savings early.

Tax Tip 2023-95, July 26, 2023 ¡ª IRS Free File remains available until Oct. 16 for taxpayers who still need to file a 2022 tax return. If a taxpayer filed for an extension ahead of the April 18, 2023, tax deadline, their return is due to the IRS by Oct. 16.

IR-2023-133, July 24, 2023 ¡ª As part of a larger transformation effort, the Internal Revenue Service today announced a major policy change that will end most unannounced visits to taxpayers by agency revenue officers to reduce public confusion and enhance overall safety measures for taxpayers and employees.

IR-2023-134, July 25, 2023 ¡ª In the second installment in a special summer series, the Security Summit partners today reminded tax professionals and taxpayers about the IRS Identity Protection PIN Opt-In Program to help protect people against tax-related identity theft.

Tax Tip 2023-96, July 27, 2023 ¡ª The summer months are a popular time to buy or sell a house. New homeowners should put reviewing the tax deductions, programs and housing allowances they may be eligible for on their move in to-do list.

Tax Tip 2023-97, July 31, 2023 ¡ª When couples separate or divorce, the change in their relationship status affects their tax situation. The IRS considers a couple married for tax filing purposes until they get a final decree of divorce or separate maintenance.

IR-2022-186, October 20, 2022 ¡ª The Internal Revenue Service today urged taxpayers to check their tax withholding while there¡¯s time left in 2022 to benefit from any necessary changes.