Archived IRS News Articles

Educator Expense Deduction Increase

Since 2002, education professionals have been able to claim a deduction of up to $250 per year for qualified classroom expenses. For tax year 2022, the maximum deduction amount has increased for the first time, ...

Guidance on Crowdfunding and Taxes

Crowdfunding has become one of the most popular ways to raise money for charities, businesses, and people enduring hardships. Depending on a variety of circumstances, money raised through a crowdfunding campaign may be either taxable ...

Upcoming Tax Deadlines

September Day 12 Employees Who Work for Tips - If you received $20 or more in tips during August, you must report them to your employer (employees are required to keep a daily record of tips). All tips ...