Found 5547 Matching Items; Displaying 5251 - 5260.
Year-end giving reminder: Special tax deduction helps most people give up to $600 to charity, even if they don’t itemize
IR-2021-214, November 3, 2021 — The Internal Revenue Service today reminded taxpayers that a special tax provision will allow more Americans to easily deduct up to $600 in donations to qualifying charities on their 2021 federal income tax return.
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401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500
IR-2022-188, October 21, 2022 — 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
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Tax Time Guide: Taxpayers should report digital asset transactions, gig economy income, foreign source income and assets
IR-2024-63, March 6, 2024 — The Internal Revenue Service reminds taxpayers they’re generally required to report all earned income on their tax return, including income earned from digital asset transactions, the gig economy and service industry as well as income from foreign sources.
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IRS provides more information in various languages; part of ongoing transformation effort to expand services to taxpayers
IR-2024-73, March 15, 2024 — The Internal Revenue Service today reminded individuals and businesses that the agency continues to increase the amount of information available in multiple languages.
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IRS kicks off annual Dirty Dozen with warning about phishing and smishing scams
IR-2024-84, March 28, 2024 — The Internal Revenue Service today kicked off the annual Dirty Dozen list with a warning for taxpayers to be aware of evolving phishing and smishing scams designed to steal sensitive taxpayer information.
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Time running out to claim $1 billion in refunds for tax year 2020, taxpayers face May 17 deadline
IR-2024-80, March 25, 2024 ― The Internal Revenue Service announced today that almost 940,000 people across the nation have unclaimed refunds for tax year 2020 but face a May 17 deadline to submit their tax returns.
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