Tax Blog

The Internal Revenue Service is pushing out more information for taxpayers interested in the Child Tax Credit and its advance payments.… Read more about Updated: Child Tax Credit FAQ on IRS.gov (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Taxpayers contributing to a 401(k) plan for their retirement have gotten some good news from the Internal Revenue Service: they can now put more money into their plan for 2022.… Read more about 401(k) Contributions Increased for 2022 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Taxpayers in Connecticut are getting a little extra time to file their taxes, courtesy of Hurricane Ida and the IRS. Ida tore up coastal areas in the southern US, and went on to batter the Northeast with flooding and other damage.… Read more about Some in Connecticut Get Extended Ida Relief (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

A new provision in the tax code lets more taxpayers deduct up to $600 in donations to qualified charities—even if they don’t itemize.… Read more about Some Non-Itemizers Can Deduct Charitable Donations (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

It’s that time again: time for federal tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) for the coming year. It’s no time to procrastinate, since 2021 PTINs will expire on Dec. 31.… Read more about IRS Issues PTIN Renewal Reminder (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

There’s not much doubt that the COVID-19 pandemic has taken a strong labor market and turned it on its ear, producing a shortage of available workers.… Read more about IRS Highlights Resources for Employers Facing Labor Shortages (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…