Truckers: Heavy highway vehicle use tax deadline is Sept. 3 Tax Tip 2024-73, Aug. 27, 2024 — The heavy highway vehicle use tax is an annual federal excise tax on heavy highway motor vehicles that operate on public highways. The deadline to file and pay this tax for 2024 is Sept. 3. IRS shares new warning signs of incorrect claims for Employee Retention Credit Tax Tip 2024-72, Aug. 26, 2024 — The IRS recently shared five new warning signs of incorrect claims by businesses for the Employee Retention Credit. Extension filers: Important reminders when preparing to file Tax Tip 2024-71, Aug. 21, 2024 — Individual taxpayers who requested an extension of time to file their federal taxes have until Oct. 15, 2024, to complete and file their federal tax return. Those who already have the forms and information they need should file now – there's no advantage to waiting until the deadline. Extension filer reminder: Choose a tax preparer carefully Tax Tip 2024-70, Aug. 20, 2024 — The deadline for taxpayers who requested an extension to file is Oct. 15, 2024, and some may choose to hire a tax return preparer. Those who do need to understand how to choose a tax preparer wisely and how to work with them. Free tax filing options are still available for extension filers Tax Tip 2024-69, Aug. 19, 2024 — Free tax filing options are available to taxpayers who requested an extension of time to file their federal taxes. There’s no need to wait for the Oct.14 deadline if taxpayers are ready to file. Employer-offered educational assistance programs can help pay for college Tax Tip 2024-68, Aug. 7, 2024 — An educational assistance program is an employer’s written plan to provide employees with undergraduate or graduate-level educational assistance. These programs allow employers to pay student loan debt and other education expenses tax-free. Taxpayers should review the education tax credits before they file Tax Tip 2024-67, Aug. 6, 2024 — There are two education tax credits designed to help offset education costs: the American Opportunity Tax Credit and the Lifetime Learning Credit. The educator expense deduction can help offset out-of-pocket classroom costs Tax Tip 2024-66, Aug. 5, 2024 — The educator expense deduction lets eligible teachers and administrators deduct part of the cost of technology, supplies and training from their taxes. They can claim this deduction only for expenses that weren't reimbursed by their employer, a grant or other sources. Taxpayer privacy isn’t just a right – it’s the law Tax Tip 2024-65, Aug. 1, 2024 — Protecting taxpayer privacy is priority at the IRS. The right to privacy is one of 10 rights the Taxpayer Bill of Rights gives all taxpayers. Tax tip archive IRS tax tips from January 2011 forward.
