Tax Tips

IRS "Dirty Dozen" Tax Scams for 2017
 

IRS "Dirty Dozen" Tax Scams for 2017

Posted: February 17, 2017
The annual "Dirty Dozen" list of tax scams highlights various schemes that taxpayers may encounter throughout the year, many of which peak during tax-filing season.

IRS Warns of Video Relay Scam Targeting Deaf and Hard of Hearing
 

IRS Warns of Video Relay Scam Targeting Deaf and Hard of Hearing

Posted: February 17, 2017
Be aware that con artists will use video relay services (VRS) to try to scam deaf and hard of hearing individuals. Deaf and hard of hearing taxpayers should avoid giving out personal and financial information to anyone they do not know.

Check Out These Tax Benefits for Parents
 

Check Out These Tax Benefits for Parents

Posted: February 17, 2017
Taxpayers with children may qualify for certain tax benefits. Parents should consider child-related tax benefits when filing their federal tax return.

Be Prepared to Validate Identity if Calling the IRS
 

Be Prepared to Validate Identity if Calling the IRS

Posted: February 16, 2017
The IRS is reminding taxpayers who have questions about their tax accounts to be prepared to validate their identity when speaking with an IRS assistor. This will help avoid the need for a repeat call.

Are Social Security Benefits Taxable?
 

Are Social Security Benefits Taxable?

Posted: February 13, 2017
If taxpayers receive Social Security benefits, they may have to pay federal income tax on part of those benefits. These IRS tips will help taxpayers determine if they need to do so.

Five Things to Know About the Child Tax Credit
 

Five Things to Know About the Child Tax Credit

Posted: February 8, 2017
The Child Tax Credit is a tax credit that may save taxpayers up to $1,000 for each eligible qualifying child. Taxpayers should make sure they qualify before they claim it. Here are five facts from the IRS on the Child Tax Credit.

Early Withdrawals from Retirement Plans
 

Early Withdrawals from Retirement Plans

Posted: February 7, 2017
Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of income tax taxpayers may have to pay. Here are a few key points to know about taking an early distribution.