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Did you know that if you’re an eligible educator, you can deduct up to $300 of unreimbursed business expenses? And if you and your spouse are both teachers and file jointly, that number goes up to $600.   To be considered an eligible educator you must:   Work as a teacher, counselor, principal, or aid for students…

Volunteers play a vital role in our tax communities, especially for the Low-Income Taxpayer Clinic (LITC) Program and the Taxpayer Advocacy Panel (TAP). Low Income Taxpayer Clinics This week, we celebrate National Volunteer Week to recognize and thank those who give their time to serve their communities, assist taxpayers in need, and provide support for…

Direct Deposit Refunds and Refund Offsets Your tax return may show you’re due a refund from the IRS. You can generally get your refund faster by filing electronically and requesting direct deposit. See our TAS Tax Tip: Tax return filing is as easy as 1-2-3 for more information, including direct deposit options if you don’t…

The May 17, 2024 deadline is fast approaching for taxpayers who have not yet filed a 2020 tax return to claim a refund of withholdings, estimated taxes or their 2020 Recovery Rebate Credit. The IRS estimates that almost 940,000 of the nation’s taxpayers have unclaimed refunds totaling more than $1 billion for tax year 2020…

If you are unable to pay your taxes in full, the IRS has several options that you can consider based on your financial situation. TAS Tax Tips: Need options for when you owe federal taxes, but can’t pay in full? The best-case scenario is to pay your taxes in full (Easy Payment Methods explained video) by the…

When you look at your income for the year, you may find that you made some money from one of your pastimes. But how do you know if that pursuit is just a hobby, or if it’s turned into an actual business? It’s important to make sure you classify your income properly because it has…

Filing Help For most people, your tax return needs to be filed by April 15.   If you need assistance with filing your tax return you can visit the Filing for Individuals page, Online tools and resources , or Free tax preparation available for millions of families pages on IRS.gov. If you haven’t filed yet and you cannot do so by…

Are you a U.S. servicemember stationed overseas? If so, you need to be familiar with your U.S. tax filing requirements. U.S. citizens and residents abroad are generally required to file income tax returns reporting their worldwide income in the same way as taxpayers residing in the United States. This includes U.S. military personnel serving overseas.…

Need an IRS form, information, or notice in a different format or language? Here’s how to find them and make requests for future notices and letters to be sent in your preferred language. Tax Forms and Information Accessible Formats The IRS already provides a number of accessible tax forms, instructions, and publications on its Accessible…

I previously described the dizzying tax compliance challenges encountered by U.S. citizens and residents living abroad. Now, I will describe the basics of filing and paying U.S. taxes for U.S. citizens and residents living abroad. Who Must File The United States taxes its citizens and residents on worldwide income, regardless of where they live. This…