If you're raising a family, there are valuable tax credits you may be able to claim, even if you aren't required to file a tax return. First, there's the Earned Income Tax Credit. If you work and are eligible for the credit, you can claim this valuable benefit for up to three qualifying children based on [...]
Your safety and security are top priorities at the IRS and with their Security Summit partners. With more taxpayers and tax preparers working remotely, identity thieves and fraudsters are working overtime, trying to use COVID-19 to scam you. Everyone should remember to take these basic steps to protect themselves.
The IRS and its Security Summit partners want to tell you in as many ways possible how to protect your identities and data online: Avoid email scams posing as your bank, credit card company, or even the IRS, asking you for personal information or passwords. Watch out for phone calls claiming to be from the IRS, [...]
You’ve likely seen and heard ads from companies claiming they can settle your debt with the IRS for “pennies on the dollar.” They claim you need their services to strike a deal and pay less to the IRS. The truth is third parties can’t always deliver on claims to reduce tax debt and obtain waivers of [...]
If you're in the Armed Forces, there are several special tax benefits that apply to you: First, you may be eligible for a combat zone exclusion, which means some or all of your combat pay could be tax-free. However, you may choose instead to include tax-free combat pay in your earned income when you file your [...]
