The IRS has issued guidance to employers about reporting on Form W-2 the amount of qualified sick and family leave wages paid to employees for leave taken in 2021. Notice 2021-53 provides guidance under...

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The Social Security (SS) wage base for 2022 is projected to rise to at least $146,700. That’s according to the SS Administration Office of the Chief Actuary, which issues three forecasts. The highest projection...

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Have you received a message about pandemic-related benefits that appears to be from the government? Thieves use email, text, and phone messages to impersonate officials such as the IRS as an inroad to stealing...

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The IRS adds more vehicles to its list of those eligible for a federal tax credit. The tax code provides a credit (of up to $7,500) to purchasers of qualified plug-in electric-drive passenger vehicles...

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If you’re receiving advance Child Tax Credit (CTC) payments from the IRS, this fast-approaching deadline may affect you. For those who receive CTCs by paper check, address changes must be submitted by midnight, Aug....

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If you have an Employer Identification Number (EIN), you may hear from the IRS soon. Calling this a “key security issue,” the IRS announced that it will contact about 100,000 taxpayers with EINs, if...

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To a thief, your personal identity is a gold mine. That’s why the IRS is reminding the public of a free, opt-in program you can use to help protect yourself from tax-related identity theft....

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Colleges, universities, and trade schools will soon reopen. Whatever form a school takes, higher education is expensive. But the good news is, taxpayers, their spouses, or dependents who take post-high school coursework in 2021...

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If you’ve received an advance Child Tax Credit (CTC) payment that you don’t qualify for, the IRS says you should return the payment. There are certain situations where some taxpayers who don’t qualify for...

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Summer brings changes for many people, but you may not think about the tax aspects of those changes. That’s why the IRS is reminding taxpayers of a few ways that summer events could affect...

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