This article was published by the IRS. The adoption process can be expensive. Fortunately, the adoption tax credit can help offset some of those expenses. Taxpayers who adopted or started the adoption process last year should review the rules for this credit. Here are some facts to help people understand the credit and if they can [...]
Did you know that there's a helpful tax relief program for low and moderate income working families? It's called the earned income tax credit (EITC) and it can help put some extra money in your family's pocket. Depending on your family's income, you could be eligible for a refund even if you don't currently owe income [...]
This article was published by the IRS. The Internal Revenue Service is encouraging taxpayers to take important actions this month to help them file their 2022 federal tax returns. This is the second in a series of reminders to help taxpayers get ready for the upcoming tax filing season. A "Get Ready" page outlines steps taxpayers [...]
This article was published by the IRS. Living with a disability can come with additional expenses. Achieving a Better Life Experience accounts are authorized tax-advantaged 529A accounts that help disabled people pay qualified disability-related expenses. Here are some key things people should know about these accounts. Annual contribution limit The limit remains $15,000 in 2020. Certain [...]
This article was published by the IRS. The Taxpayer Advocate Service (TAS) is an independent organization within the IRS that helps taxpayers and protects taxpayers' rights. They can offer help when tax problems cause a financial difficulty. When the taxpayer has tried and been unable to resolve their issue with the IRS, or a taxpayer believes [...]
