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. No matter the type of disaster or how devastating it is, before the IRS can choose to authorize tax relief, the Federal Emergency Management Agency must issue a major disaster declaration. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration if [...]
If you buy a qualified used electric vehicle or fuel cell vehicle from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sales price, up to a maximum of $4,000. If you purchased your vehicle before 2023, you don't qualify. To [...]
This article was published by the IRS. All taxpayers should review their federal withholding each year to make sure they're not having too little or too much tax withheld. Doing this now can help protect against facing an unexpected tax bill or penalty in the future. The sooner taxpayers check their withholding, the easier it is [...]
You'll need an Individual Taxpayer Identification Number from the IRS - called an ITIN for short - if you have a tax filing requirement, federal tax withholding, or are eligible for an allowable tax benefit, but you aren't eligible for a Social Security number. First, you'll complete a Form W-7. Mail it to the IRS along [...]
