Category: Individual

Where’s the best state for you to retire? Here’s a good place to start your search: These five impose the lowest taxes on retirees in the contiguous U.S., according to…

The American Recovery and Reinvestment Act of 2009: Information Center   Update July 6, 2010 — For those claiming the homebuyer credit, the deadline for closing (going to settlement) on home purchases…

IRS YouTube Videos Provide Information to Last-Minute Filers  Washington –– As the April 18 tax return filing deadline nears, taxpayers can find a wealth of tax-related information on the IRS…

Taxpayers Have Extra Time to Make a Contribution to Their IRA This Year  This year, you have a few extra days to make contributions to your traditional Individual Retirement Arrangements.…

Update on First Time Homebuyer Credit and Tax Refunds   The IRS today released information on processing issues that are impacting a small percentage of tax returns involving repayment of…

8 Tips for Deducting Charitable Contributions Charitable contributions made to qualified organizations may help lower your tax bill. The IRS has put together the following eight tips to help ensure…

More Taxpayers Are Filing From Home in 2011, Free File Options Abound  WASHINGTON — Almost 19 million tax returns have been filed with the IRS from home computers so far…

Ten Things to Know About the Child and Dependent Care Credit  If you paid someone to care for your child, spouse, or dependent last year, you may be able to…

Don’t be Scammed by Fake IRS Communications    The IRS receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be…

Linda Stern Taxpayers who stand out tend to draw the attention of Internal Revenue Service auditors. Claim too much in interest, health expenses or charitable deductions, and it’s like waving…