This article was published by the IRS. Most people aren’t thinking about taxes when there’s summer fun to be had, but there’s some common activities that could impact taxpayers in the next filing season. Let’s look at a few. Summer day camp If a taxpayer is sending a child to summer day camp, the cost may [...]
This article was published by the IRS. Preparedness for a potential emergency or disaster starts at home. Whether it’s for personal or business, emergency preparedness plans are crucial and can give a head start to recovery should they be affected by an event. Here are some things taxpayers can do to help protect their financial records. [...]
We observed World Elder Abuse Awareness Day in June. In that same spirit, let's recognize and celebrate older adults and the value they bring to society. Elder abuse is a worldwide problem, and it's up to all of us to prevent it. Our government agencies can help advance the lives of older adults. For example, the [...]
Watch this IRS webinar to learn more about what a Trump Account is and who is eligible for it as a provision under the Working Families Tax Cuts. A Trump account is a new type of individual retirement account that gives children an early financial foundation and encourages long-term savings and financial awareness. This video: describes [...]
This article was published by the IRS. It’s halfway through the year, which is a great time for taxpayers to do a quick check to make sure they’re on a smooth track to next filing season. Here are some tips: Keep good tax records. Taxpayers should keep all important tax records in one place. They can [...]
