Important Updates

2024

January

2023

January

  • IRS shares steps to take after a natural disaster so taxpayers can reconstruct their records and prove loss of property

February

  • Reminder: How to avoid tax scams [video].
  • Business standard mileage rate increases for 2023. It’s now 65.5 cents per mile driven.
  • When is the tax filing deadline this year? April 18, but don’t wait until the last minute.

March

  • Taxpayers requesting a tax extension must file until Monday, October 16, 2023.

April

  • IRS issues renewed warnings on Employee Retention Credit claims; false claims generate compliance risk for people and businesses claiming credit improperly.
  • Attempting this W-2 scam can lead to penalties for taxpayers. It urges people to use wage information on a tax return to claim false credits in hopes of getting a big refund.

May

June

July

  • Bonus Depreciation is being phased out In 2023. What does this mean for construction companies?
  • Sending your kids to summer camp? There might be a tax deduction for that.
  • Business travelers, including the self-employed, check out these tax deductions before hitting the road.
  • Do you know someone in the U.S. military? If so, please share these important military tax benefits with them.
  • Did you know there is a Gig Economy Tax Center on IRS.gov?
  • Are you selling your home? You may qualify to exclude all or part of any gain from the sale from your income when filing your tax return.

August

September

October

December