The National Taxpayer Advocate (NTA) is reminding taxpayers that if they want to file a “superseding” tax return to change their filing status from married filing jointly to married filing separately or, if eligible,...

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The inflation-adjusted Health Savings Account (HSA) thresholds for next year have been announced by the IRS. For calendar year 2022, a high deductible health plan is one with: 1) an annual deductible of at...

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Did you collect unemployment benefits in 2020? If so, the IRS is reminding you of an important law change that may affect you. On March 11, 2021, the American Rescue Plan Act excluded unemployment...

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New vehicles have been added to the list of those qualifying for a valuable tax break. The tax code provides a tax credit to purchasers of qualified plug-in electric-drive motor vehicles including passenger vehicles...

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Year after year, the tax myths keep coming, causing the IRS to combat misinformation. Many tax myths relate to refunds. The most common myth is that receiving a refund on your 2020 return means...

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The IRS has provided a safe harbor under which certain first-round Paycheck Protection Program (PPP) loan recipients, who filed their 2020 tax returns without deducting certain deductible expenses, may elect to deduct those expenses...

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The IRS and President Biden are emphasizing the availability of tax credits under the American Rescue Plan Act to employers that provide paid leave for employees receiving COVID-19 vaccinations. In fact, the paid sick...

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If you open your mailbox and find a letter from the IRS, there’s no need to panic. The letter might inform you of a tax balance due, or it might change the amount of...

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Are you thinking about applying your tax refund toward the purchase of a plug-in electric car or truck? Fortunately, a tax credit is available for qualified vehicles. The base amount of the credit is...

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In a blog post, the National Taxpayer Advocate (NTA) reminds taxpayers that the IRS now holds that the date a taxpayer files an original tax return, not the later date of any superseding return,...

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