The IRS officially opened tax season today, January 23, 2023. Not all taxpayers are ready to file—some, like me, are still waiting for tax forms.
Read MoreCategory: individual
10 Easy Things You Can Do to Get Ready for Tax Season Now
In January, many taxpayers will swarm their tax preparers, organized files in hand. You know, those folks with insanely detailed Excel spreadsheets and neatly annotated
Read MoreAsk The Taxgirl: Home-Related Tax Deductions When You’re Not On the Deed
Taxpayer asks: My wife and I live in a single-family home that we own jointly. We are retired, and our income is from social security.
Read MoreMake Your 4th Quarter Estimated Payments By January 17
Heading back to the office is always challenging after the holidays. But as you get back to work—and get busy—don’t forget to make your fourth-quarter
Read MoreIRS Fix Finally Complete for 2020 Taxpayers Who Claimed Unemployment
The IRS says that it has finished its review and issued automatic corrections for taxpayers who were improperly taxed on unemployment compensation for the 2020
Read MoreIRS Releases Mileage Rates For 2023 Tax Year
The Internal Revenue Service (IRS) has issued its 2023 standard mileage rates. Beginning on January 1, 2023, the standard mileage rates for the use of a car,
Read MoreAsk The Taxgirl: Mitigating Tax By Investing
Taxpayer asks: Can I reduce or eliminate taxes from civil suit and punitive damages winnings by immediately investing in a home? Taxgirl says: Unfortunately, no.
Read MoreIRS Puts Hold on Some Automated Return and Collection Notices
Earlier this month, the IRS announced that it would put a temporary hold on automated collection notices, unfiled tax return notices, and balance due notices
Read MoreMaking Sense of Tax Season in 2022
The pandemic has brought on many changes in the last few years, and these changes have impacted the tax season in 2022. What challenges and
Read MoreReturns and Refunds During the 2022 Tax Filing Season
Next week, hopeful taxpayers will begin checking bank accounts for tax refunds. Tax season opened Jan. 24, 2022, and the IRS says most taxpayers who
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