Tips for teenage taxpayers starting a summer job — Now that school’s out, many students will be starting summer jobs…from working at a summer camp to being an office intern. The IRS reminds students that not all the money they earn may make it to their pocket. That’s because employers must withhold taxes from the …
IR-2017-204, Dec. 14, 2017 WASHINGTON ― The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel …
Things to Remember when Considering Early Withdrawals from Retirement Plans Many taxpayers may need to take out money early from their Individual Retirement Account or retirement plan. Doing so, however, can trigger an additional tax on early withdrawals. They would owe this tax on top of other income tax they may have to pay. Here …
IRS Tax Tip 2017-82, November 27, 2017 During the holiday shopping season, shoppers are looking for the perfect gifts. At the same time, criminals are looking for sensitive data. This data includes credit card numbers, financial accounts and Social Security numbers. Cybercriminals can use this information to file a fraudulent tax return. This tip is …
The IRS does NOT telephone to collect debt owed or to give you refund monies back. The IRS warns taxpayers about an increasing number of tax scams in communities across the country. For even more information go to IRS.gov and type “scam” in the search box.
IR-2017-204, Dec. 14, 2017 WASHINGTON ― The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel …
Read moreStandard Mileage Rates for 2018 Up from Rates for 2017
2016 Standard Mileage Rates for Business, Medical and Moving Announced IR-2015-137, Dec.17, 2015 WASHINGTON — The Internal Revenue Service today issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2016, the standard mileage rates for the …
TO our Small Business Clients, Clients, friends and family in MA: As we looked at our business clients, clients who just own a home, and people who have rental properties, we realized that Energy has changed and we wanted to bring you the latest information I thank Jacqui D’Angelo, from Gulf, headquartered right here in Metrowest MA, for helping us put together the …
Many parents pay for childcare or day camps in the summer while they work. If this applies to you, your costs may qualify for a federal tax credit that can lower your taxes. Here are 10 facts that you should know about the Child and Dependent Care Credit: 1. Your expenses must be for the care …
Issue Number: IRS Tax Tip 2014-19 Beware of Fake IRS Emails and Phone Calls Tax scams that use email and phone calls that appear to come from the IRS are common these days. These scams often use the IRS name and logo or fake websites that look real. Scammers often send an email or call to …