Tax Blog

The Internal Revenue Service is doing a little extra to help those taxpayers who have suffered from the wildfires in California. The agency is pushing back the deadlines for filing and paying various individual tax returns to January 3.… Read more about Wildfire Victims Get Tax Relief (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

As the economy warms up in recovery mode, inflation starts to raise its ugly head. Everything—from baby food to new cars—costs more.… Read more about Tax Year 2022 Inflation Rates Announced (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service is pushing out more information for taxpayers interested in the Child Tax Credit and its advance payments.… Read more about Updated: Child Tax Credit FAQ on IRS.gov (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Taxpayers contributing to a 401(k) plan for their retirement have gotten some good news from the Internal Revenue Service: they can now put more money into their plan for 2022.… Read more about 401(k) Contributions Increased for 2022 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

A new provision in the tax code lets more taxpayers deduct up to $600 in donations to qualified charities—even if they don’t itemize.… Read more about Some Non-Itemizers Can Deduct Charitable Donations (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Taxpayers in Connecticut are getting a little extra time to file their taxes, courtesy of Hurricane Ida and the IRS. Ida tore up coastal areas in the southern US, and went on to batter the Northeast with flooding and other damage.… Read more about Some in Connecticut Get Extended Ida Relief (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…