Tax News Archives

Sep
10
2019

Expenses that teachers can and can’t deduct on their tax returns

As teachers head back to school, they often pay expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct some of them on their tax returns. You don’t have to itemize your deductions to claim this “above-the-line” tax break. For 2019, educators can deduct up to $250 of eligible expenses that weren’t reimbursed. Eligible expenses include books, supplies, computer equipment, software, other classroom materials, and professional development courses. To be eligible,

Aug
30
2019

These tax tips can help new business owners find success

These tax tips can help new business owners find success | Internal Revenue Service http://bit.ly/2MBd8wt

Aug
26
2019

Employers who provide leave might qualify to claim valuable credit

Employers who provide leave might qualify to claim valuable credit | Internal Revenue Service http://bit.ly/2TVC8iP

Aug
21
2019

Estimated tax payments

Here’s what taxpayers should know about making 2019 estimated tax payments | Internal Revenue Service http://bit.ly/2OQI6lY

Aug
12
2019

Form 2290

Taxpayers can file Form 2290 electronically to pay heavy highway vehicle use tax | Internal Revenue Service http://bit.ly/33f6mS2

Aug
06
2019

IRS launches new Tax Withholding Estimator Tool

IRS launches new Tax Withholding Estimator; Redesigned online tool makes it easier to do a paycheck checkup | Internal Revenue Service http://bit.ly/2TelhqT

Aug
03
2019

Managing the amount of tax you’ll owe for this year

Managing the amount of tax you’ll owe for this year may require thinking about tax issues now, long before it’s time to file. One aspect that affects your tax bill is your adjusted gross income (AGI). The higher your AGI, the higher your tax rate. In a Tax Tip, the IRS offers some ways to lower your AGI during the year. A few ideas: Contribute to a Health Savings Account; claim educator expenses if you’re a qualified educator;

Aug
02
2019