Jan. 31 filing deadline for employers to file wage statements   WASHINGTON - With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for submitting wage statements and forms for independent contractors with the government....

2024 tax filing season set for January 29; IRS continues to make improvements to help taxpayer   WASHINGTON — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation's 2024 tax season when the agency will begin...

Energy Efficient Home Improvement Credit   WASHINGTON — The Department of the Treasury and the Internal Revenue Service issued Notice 2024-13  announcing that the IRS intends to propose regulations to implement the product identification number (PIN) requirement...

IRS completes automatic corrections of tax year 2020 accounts related to unemployment compensation exclusion; 12 million refunds issued   WASHINGTON — The Internal Revenue Service recently completed the final corrections of tax year 2020 accounts for taxpayers...

Saver’s Credit higher limits can help low- and moderate-income workers save more in 2023   WASHINGTON — The Internal Revenue Service reminds low- and moderate-income workers that they can save for retirement now and possibly earn a special tax credit in 2022 and...

IRS issues standard mileage rates for 2023   WASHINGTON — The Internal Revenue Service today issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes....

IRS announces delay of $600 reporting   WASHINGTON — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. As a result of this delay,...