Saver’s Credit help low- and moderate-income taxpayers to save more in 2024
Distributions from a retirement plan or ABLE account reduce the contribution amount used to figure the credit
Washington...
Interest rates remain the same for the first quarter of 2024
Individual overpayments and underpayments will be 8%
Upper Cumberland – The IRS announced interest rates will remain the...
IRS provides tax inflation adjustments for tax year 2024
2024 adjustments generally apply to income tax returns filed in 2025
Washington – The Internal Revenue Service today...
IRS encourages employers to electronically file payroll tax returns
E-filing is the most secure, accurate method to file returns and saves time
Washington — The IRS today...
Builders may qualify for an expanded tax credit
Provision allows eligible contractors who construct or substantially reconstruct and rehabilitate qualified new energy efficient homes a tax credit of up...
IRS extends relief to farmers and ranchers in 49 states
Relief also offered to other areas impacted by drought
Washington − The Internal Revenue Service today reminded eligible...