Security Measures Help Protect Against Tax-Related Identity Theft

Identity thieves and fraudsters are working overtime, trying to use COVID-19 or any other current issue to scam you. To help you combat identity theft, the IRS is encouraging people to get an Identity Protection PIN. This secret, voluntary pin is known only to you and the IRS. See if it's right for you at IRS.gov/IPPIN. [...]

Seniors Can Reduce Their Tax Burden by Donating to Charity through their IRA

This article was published by the IRS. In most cases, distributions from a traditional Individual Retirement Account are taxable in the year the account owner receives them but there are some exceptions. A qualified charitable distribution is one of the few exceptions. A QCD is a nontaxable distribution made directly by the trustee of an IRA [...]

Not Too Much, Not Too Little – Taxpayers Should Check If Their Tax Withholding is Just Right

This article was published by the IRS. There are good surprises and there are bad surprises. Generally, a tax-related surprise is probably unwanted. To avoid tax surprises, people should review their tax withholding. There's still time left in 2024 to make changes and see the benefit on their tax return next year. An adjustment made now [...]

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