Once taxpayers file their federal return, they can track the status of their refunds by using the “Where’s My Refund?” tool, which taxpayers can get to using the IRS2Go phone app or from the front page of www.irs.gov. By providing their Taxpayer Identification Numbers, filing status and the exact whole dollar amount of their anticipated …
Summer Day Camp Expenses May Qualify for a Tax Credit
Along with the lazy, hazy days of summer come some extra expenses, including summer day camp. But, the IRS has some good news for parents: those added expenses may help you qualify for a tax credit. Many parents who work or are looking for work must arrange for the care of their children under 13 …
Summer Day Camp Expenses May Qualify for a Tax CreditRead More
Charitable Contributions
First and foremost, taxpayers are allowed a charitable contribution deduction for amounts contributed to qualified charities. However, no deduction is allowed for any contribution of $250 or more unless the taxpayer receives a receipt in time for filing the return. There is no leeway here. The IRS is absolute in their denial of contribution deductions …