This article was published by the IRS. As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they'll be able to deduct up to $300 of out-of-pocket classroom expenses for 2023 when they file their federal income tax return next year. This is the same limit that applied in 2022, [...]
This article was published by the IRS. The educator expense deduction allows eligible teachers and administrators to deduct part of the cost of technology, supplies and training from their taxes. They can only claim this deduction for expenses that were not reimbursed by their employer, a grant or other source. Who is an eligible educator: The [...]
Did you know that if there are mistakes on your tax return, it can take longer to get your refund? Worse yet, you may owe additional tax. One common mistake is not choosing the right filing status. You can avoid this mistake by using the IRS' Interactive Tax Assistant on IRS.gov to help you choose the [...]
This article was published by the IRS. With the 2023 tax filing season in full swing, the Internal Revenue Service reminds taxpayers to gather their necessary information and visit IRS.gov for updated resources and tools to help with their 2022 tax return. This news release is part of a series called the Tax Time Guide, a [...]
This article was published by the IRS. The Internal Revenue Service has issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups, or panel [...]
