by admin my_tax | Feb 18, 2023 | Tax Tips and News
In 2022, millions of Americans received special state-issued payments designed to provide economic relief to residents struggling with financial burdens exacerbated by issues ranging from the pandemic to natural disasters. One week after urging recipients to postpone filing their returns, the Internal Revenue Service has issued official guidance regarding the federal taxability of those payments.… Read more about 2022 Special State Payments Not Taxable (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by admin my_tax | Feb 15, 2023 | Tax Tips and News
As part of the Inflation Reduction Act of 2022, lawmakers made changes to the Clean Vehicle Credit that were meant to encourage the purchase of U.S.-made electric and fuel cell vehicles. Unfortunately, the criteria for qualifying vehicles has proven confusing for some taxpayers.… Read more about Clean Vehicle Credit Guidance Revises Classifications (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by admin my_tax | Jan 14, 2023 | Tax Tips and News
Californians have been battered by torrential rains and flooding from a recent series of storms. To help victims recover, the Internal Revenue Service recently announced tax relief for federally declared disaster areas in the state.… Read more about California Storm Victims Get Tax Relief (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by admin my_tax | Jan 13, 2023 | Tax Tips and News
The wait is over for tax professionals eager to learn when the 2023 filing season will begin. Today, the Internal Revenue Service revealed they will start accepting and processing individual returns on January 23, 2023. The federal tax agency reassures that the service it provides this year will be improved by the recent hiring of more than 5,000 telephone and in-person staff.… Read more about 2023 Filing Season Begins January 23 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by admin my_tax | Jan 7, 2023 | Tax Tips and News
High gas prices have understandably made plug-in electric and fuel cell vehicles more attractive in recent years. While a provision in the Inflation Reduction Act of 2022 is designed to make the switch less of a financial burden, there is confusion surrounding some of the new requirements for the Clean Vehicle Credit.… Read more about IRS Addresses Final Assembly, MSRP Requirements for Clean Vehicle Credit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
