05/01/2024
Dividing a 401(k) in Divorce
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Dividing a 401(k) in Divorce
Note that a QDRO may be used for qualified plans, like 401(k) or pension plans, but this option isn’t available for IRAs. IRAs are subject to other rules.
04/24/2024
IRS: 2024 Flexible Spending Arrangement contribution limit rises by $150
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IRS: 2024 Flexible Spending Arrangement contribution limit rises by $150 | Internal Revenue Service
IR-2023-234, Dec. 8, 2023 — During open enrollment season for Flexible Spending Arrangements (FSAs), the Internal Revenue Service reminds taxpayers that they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans through their FSA.
04/17/2024
Tax Return Status 2024: Where Is Your Tax Refund?
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Tax Day Is Past. Here's When You Could Expect Your Refund Money
Tax Day 2024 is over for most of us. We'll help you learn how to track the status of your refund, if you're eligible to receive money back from the IRS.
04/10/2024
Adoptive parents: Dont forget about the Adoption Tax Credit
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Adoptive parents: Don’t forget about the Adoption Tax Credit | Internal Revenue Service
Tax Tip 2024-27, April 3, 2024 — Taxpayers who adopted or started the adoption process in 2023 may qualify for the adoption credit. This credit can be applied to international, domestic, private and public foster care adoption.
04/20/2023
Raise retirement age, or hike payroll taxes? New tool lets you decide how to fix Social Security
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04/13/2023
Attempting this W-2 scam can lead to penalties for taxpayers
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Attempting this W-2 scam can lead to penalties for taxpayers | Internal Revenue Service
Tax Tip 2023-39, March 27, 2023 — A new scam circulating on social media urges people to use wage information on a tax return to claim false credits in hopes of getting a big refund.
04/06/2023
Free tax filing options for families
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Free tax filing options for families | Internal Revenue Service
Tax Tip 2023-40, March 28, 2023 — Raising a family is expensive, so it’s important to save money wherever possible. One way to do this is by using IRS Free File to prepare tax returns. IRS Free File offers online tax preparation software, electronic filing and direct deposit of refunds at no cos...
03/31/2023
All the Money That Your House Can Give You Back on Your Taxes This Year
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All the Money That Your House Can Give You Back on Your Taxes This Year
Owning a home costs a lot of money, but you can get some of it back in your tax refund.
03/23/2023
How to Change Your LLC Tax Status to a Corporation or S Corporation
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How to Change Your LLC Tax Status to a Corporation or S Corporation
Learn how to elect to have your LLC be taxed as a corporation or an S corporation, and the benefits, effects, and instructions for filing the forms.
03/16/2023
What taxpayers should know when choosing a tax professional
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What taxpayers should know when choosing a tax professional | Internal Revenue Service
Tax Tip 2023-19, February 14, 2023 — Many taxpayers turn to tax professionals to help them prepare their federal tax return. These taxpayers should choose their preparer with care.
03/09/2023
Understanding the Credit for Other Dependents
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Understanding the Credit for Other Dependents | Internal Revenue Service
Tax Tip 2023-22, February 21, 2023 — Taxpayers with dependents who don't qualify for the Child Tax Credit may be able to claim the Credit for Other Dependents. They can claim this credit in addition to the Child and Dependent Care Credit and the Earned Income Credit.
03/02/2023
Retirement Account Changes: How New Rules Will Impact Your IRA and 401(k)
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Retirement Account Changes: How New Rules Will Impact Your IRA and 401(k)
The congressional spending bill for 2023 includes more than 90 changes to retirement account rules.