IRS Raises the 401(K) Contribution Limits; Workers Can Now Defer $22,500 Into Their Employer Plans in 2023
The Internal Revenue Service, in its latest announcements, has shed light on the increased limits on the annual 401(k) plan ...Read More
IRS Updates Form 941, Schedules, Instructions, for First Quarter 2022
On February 28, the IRS released: • The revised 2022 Form 941, Employer’s Quarterly Federal Tax Return, and its instructions • The instructions for ...Read More
IRS reminds taxpayers to report gig economy income, virtual currency transactions, foreign source income and assets
The Internal Revenue Service reminds taxpayers of their reporting and potential tax obligations from working in the gig economy, making ...Read More
Use the Where’s My Refund? tool or IRS2Go app to conveniently check tax refund status
The Internal Revenue Service reminds taxpayers today that the fastest and easiest way to check on tax refunds is by ...Read More
IRS announces Interest rates increase for the second quarter of 2022
The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning April 1, 2022. The rates will ...Read More
2022 Low Income Taxpayer Clinic List now available
The Internal Revenue Service’s Low Income Taxpayer Clinic (LITC) program office announced today that its 2022 Publication 4134, Low Income Taxpayer ...Read More