News & Updates

Some things taxpayers getting ready to file should know

With the 2023 tax filing season in full swing, taxpayers should be sure to visit IRS.gov for updated resources and tools to help with their 2022 tax return.

Things to know before filing

  • Taxpayers should wait to file until they receive all their proper tax documents, or they risk making a mistake that could cause delays.
  • They should also review their income documents carefully. If any of the information is inaccurate or missing, taxpayers should contact the payer right away for a correction or to ensure the issuer has their current mailing or email address.
  • Creating an IRS Online Account can help taxpayers securely access information about their federal tax account, including payments, tax records and more.
  • Organized tax records make preparing a complete and accurate tax return easier and may help taxpayers find overlooked deductions or credits.
  • Taxpayers with an Individual Taxpayer Identification Number or ITIN may need to renew it if it's expired and is needed on a U.S. federal tax return. If they don't renew an expiring or expired ITIN, the IRS can still accept their return, but it may delay processing or credits owed.

Taxpayers should visit IRS.gov for information and answers to common tax questions

  • The IRS Interactive Tax Assistant helps taxpayers find answers tax questions based on their specific circumstances. Taxpayers can use it to determine if they must file a tax return, their filing status, if they can claim a dependent, if the type of income they have is taxable, if they're eligible to claim a credit or if they can deduct expenses.
  • IRS Tax Topics contain general individual and business tax information. If taxpayers don't find the answers to their question, they can check Frequently Asked Questions.
  • The Let Us Help You page lists many other online resources.
  • Taxpayers can find IRS forms, instructions and publications they need to file tax return at Forms, Instructions & Publications.
  • Once a taxpayer has filed their return, they can track the status of their return with the Where's My Refund? tool at IRS.gov/wheresmyrefund.

Read Full Article at IRS.gov ↗
back to all news

Important Updates

401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000

The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.

read more

IRS releases tax inflation adjustments for tax year 2025

The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025.

read more

IRS provides Hurricane Milton relief; May 1 deadline now applies to individuals and businesses in all of Florida; many businesses qualify for deposit penalty relief

Due to Hurricane Milton, the Internal Revenue Service today announced relief for individuals and businesses in 51 counties in Florida.

read more