Job Search Expenses May be Deductible
WASHINGTON – IRS Summertime Tax Tip 2015-24: People often change their job in the summer. If you look for a job in the same line of work, you may be able to deduct some of your job search costs. Read more
Moving Expense Deduction
WASHINGTON – IRS Summertime Tax Tip 2015-20 – If you move your home you may be able to deduct the cost of the move on your federal tax return next year. This may apply if you move to start a new job or to work at the same job in a new location. In order to deduct your moving expenses, your move must meet three requirements: Read more
Tax Tips for Students with Summer Jobs
WASHINGTON – IRS Special Edition Tax Tip 2015-13 – Students often get a job in the summer. If it’s your first job it gives you a chance to learn about work and paying tax. The tax you pay supports your home town, your state and our nation. Here are some tips students should know about summer jobs and taxes: Read more
Include a Few Tax Items in Your Summer Wedding Checklist
WASHINGTON – IRS Summertime Tax Tip 2015-14 – If you’re preparing for summer nuptials, make sure you do some tax planning as well. A few steps taken now can make tax time easier next year. Here are some tips from the IRS to help keep tax issues that may arise from your marriage to a minimum: Read more
What You Should Know if You Changed Your Name
WASHINGTON – IRS Tax Tip 2015-22 – Did you change your name last year? If you did, it can affect your taxes. All the names on your tax return must match Social Security Administration records. A name mismatch can delay your refund. Here’s what you should know if you changed your name: Read more
IRS to Parents: Don’t Miss Out on the Tax Savers
WASHINGTON – IRS Tax Tip 2015-14 – Children may help reduce the amount of taxes owed for the year. If you’re a parent, here are several tax benefits you should look for when you file your federal tax return: Read more
Six IRS Tips for Year-End Gifts to Charity
WASHINGTON – IRS Special Edition Tax Tip 2014-23 – Many people give to charity each year during the holiday season. Remember, if you want to claim a tax deduction for your gifts, you must itemize your deductions. There are several tax rules that you should know about before you give. Here are six tips from the IRS that you should keep in mind: Read more
Back-to-School Reminder for Parents and Students: Check Out College Tax Credits for 2014 and Years Ahead
WASHINGTON ― Issue Number: IR-2014-90 – With another school year now in full swing, the Internal Revenue Service today reminded parents and students that now is a good time to see if they will qualify for either of two college tax credits or any of several other education-related tax benefits when they file their 2014 federal income tax returns. Read more
Deducting Moving Expenses
WASHINGTON – IRS SUMMERTIME TAX TIP 2014-20 – If you move because of your job, you may be able to deduct the cost of the move on your tax return. You may be able to deduct your costs if you move to start a new job or to work at the same job in a new location. The IRS offers the following tips about moving expenses and your tax return. Read more
Back-to-School Tax Credits
WASHINGTON – IRS SUMMERTIME TAX TIP 2014-23 – Are you, your spouse or a dependent heading off to college? If so, here’s a quick tip from the IRS: some of the costs you pay for higher education can save you money at tax time. Here are several important facts you should know about education tax credits: Read more