The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. Many of the pension
Tag: tax news
Moved? Notify the Insurance Marketplace
Moving Can Affect Your Premium Tax Credit If you moved recently, you’ve probably notified the U.S. Postal Service, utility companies, financial institutions and employers of
Back-to-School Sales Tax Holidays
Some call state sales-tax holidays gimmicks that rely on bad tax policy and cost states much-needed money. Others say the tax-free shopping days boost local economies
2015 HSA Deduction Limits
The Internal Revenue Service (IRS) has released the 2015 inflation-adjusted deduction limitations for annual contributions to a Health Savings Account (HSA) which are updated annually to reflect
IRS Scam Warning
IRS Reiterates Warning of Pervasive Telephone Scam WASHINGTON — As the 2014 filing season nears an end, the Internal Revenue Service today issued another strong
Unemployment Benefits
If you lose your job or your employer lays you off, you may be able to get unemployment benefits. The payments may be a welcomed
Is Social Security Taxable?
Some people must pay taxes on part of their Social Security benefits. Others find that their benefits aren’t taxable. If you get Social Security, here
Medical and Dental Expense Deductions
If you plan to claim a deduction for your medical expenses, there are some new rules this year that may affect your tax return. Here
EITC Awareness Day
The Internal Revenue Service (IRS) invites community organizations, elected officials, state and local governments, employers, and other interested parties to join a nationwide effort on
IRS Resources
The IRS will start processing federal income tax returns starting Friday, January 31, 2014. If you need tax help, the IRS website has forms, information,