This article was published by the IRS. On February 10, 2022, the IRS announced it will temporarily stop mailing some automated collection notices. Which automated collection notices are suspended? The IRS will temporarily stop mailing the following individual and business automated collection notices: CP80, Unfiled return notice CP59 and CP759 (Spanish), Unfiled tax return(s) 1st notice [...]
This article was published by the IRS. The IRS encourages taxpayers to get informed about topics related to filing their federal tax returns in 2022. These topics include special steps related to charitable contributions, economic impact payments and advance child tax credit payments. Taxpayers can visit IRS.gov/getready for online tools, publications and other helpful resources for [...]
The Earned Income Tax Credit (EITC) helps workers and families who don't make a lot of money get a tax break. If you qualify, you can use the credit to reduce the taxes you owe - and maybe even get a bigger refund. The credit is usually higher for eligible working families, but many lower-income workers [...]
This article was published by the IRS. The Internal Revenue Service is reminding employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on January 3, 2022. Most affected employers and self-employed individuals received reminder billing notices from the IRS. The agency noted, however, [...]
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 [...]
