Thieves are constantly working to steal people's identity and personal data so they can use it to fraudulently file tax returns and claim refund money that isn't theirs. Thieves also impersonate the IRS just to steal taxpayers' money. Here are a few things you should know so you don't fall victim to these scams: First, the [...]
It's important to think about hurricanes, tornadoes, and other disasters so you're prepared in case they happen. This includes safeguarding your tax forms and other financial records. First, you could take advantage of electronic record keeping. See if you can receive your bank statements and related documents by email. For paper documents such as W-2s and [...]
Class is in session! It's time to learn how education tax credits can help pay for higher education. Visit IRS.gov for more information. There are two education tax credits that can help offset the cost of higher education: the American Opportunity Tax Credit and the Lifetime Learning Credit. These can help if you're heading to college, [...]
Last week - April 28 - May 4, 2024 - was Small Business Week. The IRS has many online resources for business owners and self-employed taxpayers. Visit IRS.gov/smallbizweek for more information.
Did you miss a credit or deduction, or need to correct something else on your tax return for this year or past years? If so, you can file an amended tax return. Here are five things you need to know about amending a tax return: First, be sure to identify the year of the return you're [...]
