Elective pay allows applicable entities, including tax-exempt and governmental entities that would otherwise be unable to claim certain credits because they do not owe federal income tax, to benefit from some clean energy tax credits. By choosing this election, the amount
Homeowners: review these house-related deductions and programs
The summer months are a popular time to buy or sell a house. New homeowners should put reviewing the tax deductions, programs and housing allowances they may be eligible for on their move in to-do list. Deductible house-related expensesMost home
After a disaster, affected taxpayers may qualify for tax relief
Tax relief is available for people living in areas that are declared disasters by the Federal Emergency Management Agency. To find out whether an area qualifies for federal disaster relief, taxpayers should check DisasterAssistance.gov. Find disaster assistance information from the IRSUp-to-date