IRS Offers Pandemic-Related Relief On Some Penalties To Nearly 5 Million Taxpayers

Nearly 70% of the individual taxpayers receiving penalty relief have income under $100,000 per year, The IRS said only those who owed less than $100,000 in back taxes for specific tax years 2020 and 2021 would see such relief.

What The Restart Of Student Loan Payments Means For Your Taxes

Student loan borrowers bummed out by the resumption of their bills this fall may be eligible for a break on their 2023 taxes. The student loan interest deduction allows qualifying borrowers to deduct up to $2,500 a year in interest paid on eligible private or federal education debt.

Don’t Forget to Pay Your 2023 Estimated Taxes. Here’s When the Final Payment’s Due

The estimated-tax filing process can be complicated, but it can be simplified. Here's everything you need to know to calculate your taxes and file on time.

Florida’s ‘Holiday Money Hunt’ Awareness Campaign Wants To Help You Find Unclaimed Money For The Holidays

The 'Holiday Money Hunt' is a public awareness campaign meant to help Florida families potentially find some extra money they may not have known was owed to them in time for the holiday season. According to a release from Florida's Chief Financial Officer, the state has about $2.9 billion in unclaimed property ready to be found by unknowing residents. Find out how to check if that money belongs to you.

Six Charitable Giving Strategies: Feel Good And Cut Your Taxes

There are many positive effects of donating beyond helping those in need. If you have experienced a high-income year, it is advisable to take advantage of charitable contributions to help you lower your taxable income.

IRS Resumes Sending Some Collection Notices

For nearly two years more than a dozen automated collection letters and notices associated with the filing of a tax return or payment of tax have been on pause. Catching up from its backlog, the IRS has started sending out notices in limited circumstances.