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IRS continues work on inventory of tax returns; original tax returns filed in 2021 to be completed this week

WASHINGTON – Following intensive work during the past several months, the Internal Revenue Service announced today that processing on a key group of individual tax returns filed during 2021 will be completed by the end of this week. Due...

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  • June 21, 2022

What taxpayers need to know about making 2022 estimated tax payments

By law, everyone must pay tax as they earn income. Generally taxpayers must pay at least 90 percent of their taxes throughout the year through withholding, estimated or additional tax payments or a combination of the two. If they...

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  • June 13, 2022

IRS increases mileage rate for remainder of 2022

WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an...

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  • June 10, 2022

When the lemonade stand makes bank: Young entrepreneurs and taxes.

Teens and young adults often go into business for themselves over the summer or after school. This work can include babysitting, lawn mowing, dog walking or other part-time or temporary work. When a teen or young adult is an...

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  • June 9, 2022

Don’t wait to file: IRS encourages taxpayers with October filing extensions and others who still need to file ̶ file electronically when ready; speeds refunds, avoids added interest, penalties

WASHINGTON — The Internal Revenue Service is encouraging taxpayers who have yet to file their 2021 tax return – including those who requested an extension of time – to file a complete and accurate return electronically as early as...

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  • June 6, 2022

Taxpayers should check their federal withholding to decide if they need to give their employer a new W-4

The IRS encourages all taxpayers to review their federal withholding at least once a year to make sure they’re not having too little or too much tax withheld. Taxpayers whose employers withhold federal income tax from their paycheck can...

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  • June 3, 2022

People can protect themselves from tax-related identity theft with an Identity Protection PIN

Identity Protection PINs stop identity thieves from filing fraudulent tax returns. When a taxpayer chooses to participate in this program, the IRS assigns them a six-digit number which the taxpayer uses to prove their identity when they file their...

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  • June 2, 2022

IRS reminds taxpayers who haven’t filed yet to choose their tax preparer wisely

Taxpayers who have not yet filed their 2021 tax return may file electronically when they are ready rather than wait until the October 17, 2022, extension deadline. If they are considering hiring a tax preparer, it’s important to choose...

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  • May 23, 2022

Important tax reminders for people selling a home

A lot of families move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return. Here are some things...

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  • May 19, 2022

Many tax-exempt organizations must file information returns by May 16, 2022

Even though organizations like charities and foundations may be tax-exempt, the IRS still requires them to file certain information every year. For many of these exempt organizations, the deadline to file their 2021 information return is Monday, May 16,...

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  • May 13, 2022

What someone should do if they missed the April deadline to file and pay taxes

The federal income tax deadline has passed for most individual taxpayers. However, some haven’t filed their 2021 tax returns or paid their tax due. Some people may choose not to file a tax return because they didn’t earn enough...

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  • April 25, 2022

May 16 is filing deadline for many tax-exempt organizations

WASHINGTON — The Internal Revenue Service today reminded tax-exempt organizations that many have a filing deadline of May 16, 2022. Those that operate on a calendar-year (CY) basis have certain annual information and tax returns they file with the...

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  • April 22, 2022

Most federal tax returns are due; people who can’t pay should still file on time

The filing and payment deadline for most 2021 federal tax returns has arrived. Taxpayers should file or request an extension of time to file and pay any taxes they owe by the April 18, 2022, deadline to avoid penalties...

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  • April 18, 2022

Extensions of time to file tax returns; some taxpayers instantly qualify

WASHINGTON — Taxpayers requesting an extension will have until Monday, Oct. 17, 2022, to file a return. Not everyone has to ask for more time, however. Disaster victims, taxpayers serving in combat zones and those living abroad automatically have...

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  • April 18, 2022

What taxpayers should do if they get an identity theft letter from the IRS

When a thief steals someone’s Social Security number, they can use it to file a fraudulent tax return. This is tax-related identity theft. The IRS scans tax returns for possible fraud. If a tax return is flagged as suspicious,...

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  • April 15, 2022

Understanding the child and dependent care credit

Taxpayers who are paying someone to take care of their children or another member of household while they work, may qualify for child and dependent care credit regardless of their income. For tax year 2021, the maximum eligible expense...

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  • April 14, 2022

Get an automatic six more months to file; all taxpayers can use IRS Free File to request an extension

WASHINGTON — The Internal Revenue Service reminds taxpayers that if they’re unable to file their tax return by this year’s April 18 deadline, there’s an easy, online option to get more time to complete their return. Taxpayers who need...

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  • April 13, 2022

Debunking myths about federal tax refunds

Once taxpayers file their federal tax returns, they’re eager for details about their refund. When it comes to refunds, there are several common myths that can mislead taxpayers. Myth: Calling the IRS, tax software provider, or a tax professional...

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  • April 13, 2022

Identity stolen? Request an Identity Protection PIN from the IRS

IR-2022-78, April 11, 2022 WASHINGTON — The Internal Revenue Service today reminded all taxpayers – particularly those who are identity theft victims – of an important step they should take to protect themselves from tax fraud. Some identity thieves...

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  • April 13, 2022

Why it may take longer than 21 days for some taxpayers to receive their federal refund

The IRS issues most refunds in fewer than 21 days for taxpayers who file electronically and choose direct deposit. However, some returns have errors or need more review and may take longer to process. The IRS works hard to...

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  • April 8, 2022