People can now access a free recording of the 2023 IRS Form 1099-K webinar. This webinar has important info for both tax professionals and for anyone who receives a Form 1099-K, including people who use popular payment apps and online marketplaces. The webinar covers: Friends and family transactions. How to report 1099-K amounts on a 2023 [...]
Millions of workers qualify for the Earned Income Tax Credit for the first time due to changes like the birth of a child. Visit IRS.gov/eitc for more details.
This article was published by the IRS. For many new grads and other people entering the workforce for the first time, filling out new hire paperwork can be confusing — what's a W-4, anyway? New employees should ensure they understand their tax situation and do some planning so they're in good shape at tax time. It's [...]
This article was published by the IRS. The IRS encourages all taxpayers to review their federal withholding at least once a year to make sure they're not having too little or too much tax withheld. Taxpayers whose employers withhold federal income tax from their paycheck can use the IRS Tax Withholding Estimator to help decide if [...]
If you bought a new, qualified plug-in electric vehicle in 2022 or before, you may be eligible for a clean vehicle tax credit up to $7,500. The total amount of the credit is based on the vehicle's battery capacity. This credit is available to individuals and businesses. The vehicle must be for you or your business's [...]
