It is never too early to begin planning for retirement. Individual retirement accounts provide tax incentives for people to make investments that can provide financial security when they retire. These accounts can be with a bank or other financial institution,
Educator Expense Deduction helps teachers cut classroom costs
Teachers often buy classroom supplies with their own money. The Educator Expense Deduction helps them get some of that money back. Eligible teachers and administrators can deduct part of the cost of technology, supplies and training from their taxes. They
IRS ends unannounced revenue officer visits to taxpayers
Ending unannounced visits to taxpayers will increase confidence in IRS’s tax administration work and improve overall safety for taxpayers and IRS employees. Fraudsters bombarding taxpayers by mail, by phone, and in person increased confusion about home visits by revenue officers.