Tag Archive for: irs

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Expanded Paid-Leave Tax Credit Gives Employers More Ways To Qualify

New IRS guidance explains how businesses can benefit from the permanently expanded federal tax credit for paid family and medical leave, including broader employee eligibility and a new insurance-premium option.
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IRS Introduces Automatic Penalty Relief For Taxpayers With Strong Filing Histories

A new IRS program will automatically prevent certain filing and payment penalties for taxpayers with a record of meeting their obligations—eliminating the need to request relief in many cases.
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Five Tax Deductions You Can Still Claim In 2020

Although the 2017 Tax Cuts and Jobs Act eliminated a number of key tax deductions, here are a few expenses you can still write off if you're in the process of putting together your 2019 return. CLICK ON THE HEADLINE FOR MORE
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2019, 2020 Contribution Limits For 401(k)s, IRAs, And HSAs

The 2020 IRA contribution limit is the same as the 2019 IRA contribution limit, but taxpayers will be able to contribute more to their 401(k) accounts and health savings accounts (HSAs) in 2020. CLICK ON THE HEADLINE FOR MORE
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Four Costly Tax Mistakes To Avoid

Simple errors could cost hundreds or even thousands of dollars if you don't get things right the first time when dealing with the IRS. To help you avoid errors that could come back to haunt you, here are four big mistakes to be aware of. CLICK ON THE HEADLINE FOR MORE
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Smaller Tax Refund This Year? Here Is Why, And How To Fix It Next Time

Millions of Americans are finding their refunds are smaller this year. For the three reasons why, CLICK ON THE HEADLINE