Category: IRS Tips

IRS Tips and News

Driving for Dollars: Unlocking Your Auto Expense Tax Deductions

As a self-employed individual or small business owner, every dollar counts, especially when it comes…
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How to Stay Ahead with Your 2025 Estimated Tax Payments

For many taxpayers, especially freelancers, business owners, and investors, the IRS requires more than just…
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IRS reminder: Third estimated tax payment due Sept. 16; disaster-area taxpayers have more time

Issue Number:    IR-2024-231 WASHINGTON — The Internal Revenue Service today reminded taxpayers the deadline…
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HAVE MANY 401K ACCOUNTS? THERE ARE REASONS TO CONSOLIDATE NOW.

The era in which an individual was employed by a company and remained there for…
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IRS encourages people to do an end-of-summer tax checkup to avoid tax surprises next year

Issue Number:    IR-2024-225 WASHINGTON – The Internal Revenue Service today encouraged taxpayers to consider using…
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IRS reminds taxpayers of important tax guidelines involving contributions and distributions from online crowdfunding

Issue Number:    FS-2024-28 FS-2024-28, August 2024 Crowdfunding distributions may be includible in the gross income…
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Hobby or business: What people need to know if they have a side hustle

Issue Number: Tax Tip 2024-55 Hobbies and businesses are treated differently when it comes to…
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Summer activities that could affect people’s tax returns next year

IRS Issue Number:  Tax Tip 2024-53 While summer is a time for fun, it’s never…
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IRS: Home improvements could help taxpayers qualify for home energy credits 

[ Issue Number:    IR-2024-137] WASHINGTON – The Internal Revenue Service reminds taxpayers that making…
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Interest rates remain the same for the third quarter of 2024 

[Issue Number:    IR-2024-138] WASHINGTON — The Internal Revenue Service today announced that interest rates…
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