WASHINGTON — The Internal Revenue Service Wednesday announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38 provides details about these annual adjustments. New for 2023 The Inflation Reduction Act extended certain energy-related tax breaks and indexed for inflation […]
WASHINGTON – The Internal Revenue Service reminds taxpayers who requested an extension to file their 2021 tax return to do so by Monday, Oct. 17. While Oct. 17 is the last day for most people to file a Form 1040 to avoid the late filing penalty, those who still need to file should do so […]
WASHINGTON — The Internal Revenue Service Thursday reminded those with income from a farming or fishing business they should file and pay their entire tax due on or before Tuesday, March 1, if they did not make estimated tax payments. Taxpayers can pay from their bank account using their Online Account or they can schedule […]
WASHINGTON – As the new year begins, the Internal Revenue Service reminds taxpayers to protect their personal and financial information throughout the year and watch out for IRS impersonation scams, along with other schemes, that try to trick people out of their hard-earned money. These schemes can involve text message scams, e-mail schemes, and phone […]