obÌåÓý

YouTube video titled "Dealing with Disaster from an Individual Tax Perspective"

This issue snapshot explains how to determine the treatment and ordering of such qualifying distributions under Section 4942(h).

You may qualify for penalty relief through a statutory exception for certain situations.

Tax Tip 2023-110, Sept. 12, 2023 ¡ª When disaster strikes, Americans can always be counted on to help. That help comes in countless ways, but often the easiest way to help is by donating money to charities.

New options enable qualifying entities such as governments to take advantage of some Inflation Reduction Act and CHIPS Act tax credits even if they don't have taxable income.

Tax Tip 2025-29, May 5, 2025 ¡ª Tax returns for 2024 were due on April 15, 2025, with exceptions for taxpayers in a disaster area, combat zone or living and working abroad. Taxpayers who couldn¡¯t pay their tax bill by the deadline shouldn't panic ¨C the IRS is here to help. There are several options to help taxpayers meet their obligations.

Tax Tip 2023-69, May 17, 2023 ¡ª People should put together an emergency preparedness plan for their household ¨C and include copies of their vital records and financial information. By creating an emergency preparedness plan and updating it annually, people will be able to start the recovery process faster if they¡¯re affected by a disaster or other emergency.

Claim credits and deductions when you file your tax return to lower your tax. Make sure you get all the credits and deductions you qualify for.

If you are a nonresident alien filing Form 1040-NR, you may be able to use one of the three filing statuses: single, married filing separately (MFS), or qualifying surviving spouse (QSS).

Tax Tip 2024-96, Dec. 11, 2024 ¡ª The IRS 2024 Nationwide Tax Forum Online provides tax professionals access to seminars from the IRS Nationwide Tax Forum. Qualified tax professionals have the option to earn continuing education credit.