Did you know that starting in 2022, the amount you can contribute to your 401(k) plan will increase to $20,500, up from $19,500.
To learn more at www.irs.gov/news
An Identity Protection PIN is a six-digit number eligible taxpayers get to help the IRS verify their identity and accept their tax return.
For details about an IP PIN and how to get one, check out this tax tip:
https://go.usa.gov/xFRAT
For a list of some do's and don'ts if you receive mail from the IRS, click here:
https://go.usa.gov/xFVSu
An IRS reminder that receiving advance Child Tax Credit payments doesn’t affect the amount you receive in other Federal benefits. Learn more at: www.irs.gov/childtaxcredit2021
#IRS continues an ongoing effort to alert people who don’t have a permanent address or a bank account that they may still qualify for stimulus payments and other credits, including the advance #ChildTaxCredit. See http://go.usa.gov/xHJrd
Good recordkeeping is an important part of year-round tax planning for everyone. Gathering tax documents throughout the year and having an organized recordkeeping system can make it easier when it comes to filing a tax return or understanding a letter from the IRS.
Get more info here: https://go.usa.gov/x6m9w.
Even if you’re a casual gambler, remember that gambling winnings are fully taxable and you must report the income on your tax return. Gambling income includes winnings from lotteries, raffles, horse races and casinos.
Click here for more information: irs.gov/taxtopics/tc419
An #IRS tool now enables families to quickly and easily unenroll from receiving monthly payments of the #ChildTaxCredit, if they so choose. https://go.usa.gov/x6y6s
