Treasury, IRS and DOE announce full applications are open for Qualifying Advanced Energy Project Tax Credit IR-2024-228, Aug. 29, 2024 — The U.S. Department of Treasury, the Internal Revenue Service and the U.S. Department of Energy announced today that they received over 800 concept papers — project proposals — seeking a total of nearly $40 billion in tax credits, representing $200 billion in total project investments, for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C) Program. IRS reminder: Employer educational assistance programs can still be used to help pay off workers’ student loans through Dec. 31, 2025 IR-2024-227, Aug. 28, 2024 — The Internal Revenue Service today issued a reminder that employers who offer educational assistance programs can also use them to help pay for their employees’ student loan obligations through Dec. 31, 2025. IRS provides relief to Ernesto victims throughout the U.S. Virgin Islands; various deadlines postponed to Feb. 3, 2025 IR-2024-226, Aug. 28, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses throughout the U.S. Virgin Islands affected by Tropical Storm Ernesto that began on Aug. 13, 2024. IRS encourages people to do an end-of-summer tax checkup to avoid tax surprises next year IR-2024-225, Aug. 27, 2024 — The Internal Revenue Service today encouraged taxpayers to consider using the end of the summer to make tax withholding or payment updates to avoid a potential surprise next year at tax time. Security Summit partners conclude special campaign with reminders to protect tax professionals from identity theft, security threats IR-2024-224, Aug. 27, 2024 — Concluding a special summer awareness campaign, the Internal Revenue Service and the Security Summit today urged tax professionals to maintain strong safety measures to protect themselves and their taxpayer clients against evolving data security threats. Inflation Reduction Act 2-year report card: IRS continues to improve service, modernize online tools, pursue complex taxpayer arrangements used to evade taxes IR-2024-223, Aug. 23, 2024 — The IRS has made significant progress on a range of improvements, including that all taxpayers can do all of their interactions with the IRS digitally if they choose, making it possible for the IRS to uncover and address tax evasion shrouded in complexity that requires subject matter expertise and data science. IRS provides relief to South Dakota victims of severe storms, straight-line winds, flooding; various deadlines postponed to Feb. 3, 2025 IR-2024-222, Aug. 23, 2024 — The IRS announced today tax relief for individuals and businesses in South Dakota that were affected by severe storms, straight-line winds and flooding that began on June 16, 2024. IRS provides relief to Ernesto victims throughout Puerto Rico; various deadlines postponed to Feb. 3, 2025 IR-2024-221, Aug. 23, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses throughout Puerto Rico affected by Tropical Storm Ernesto that began on Aug. 13, 2024. Interest rates remain the same for the fourth quarter of 2024 IR-2024-220, Aug. 21, 2024 — The Internal Revenue Service today announced interest rates will remain the same for the calendar quarter beginning Oct. 1, 2024. IRS reminder for schoolteachers: Up to $300 in classroom expenses deductible for 2024 IR-2024-219, Aug. 21, 2024 — As educators gear up for the new school year, the IRS reminds schoolteachers that the maximum deduction for classroom expenses in 2024 remains at $300. IRS, Security Summit highlight “Security Six” and key steps for tax pros to protect themselves IR-2024-218, Aug. 20, 2024 — As data thieves continue evolving their tactics, the Internal Revenue Service and the Security Summit partners today reminded tax professionals of six essential steps to protect their sensitive taxpayer information. IRS issues important interim guidance on employer matching contributions made to retirement plans related to employee student loan payments IR-2024-217, Aug. 19, 2024 — The Internal Revenue Service today issued interim guidance for sponsors of 401(k) and similar retirement plans that provide, or wish to provide, matching contributions based on eligible student loan payments made by their participating employees. Child and Dependent Care tax credit can help offset summer day camp expenses IR-2024-216, Aug. 19, 2024 — The Internal Revenue Service today reminded taxpayers that summer day camp expenses may count towards the Child and Dependent Care tax credit. IRS, states, tax industry announce new joint effort to combat growing scams and schemes; ongoing coordination to follow in footsteps of Security Summit’s identity theft efforts to help taxpayers and protect revenue IR-2024-215, Aug. 16, 2024 — A coalition representing the Internal Revenue Service, state tax agencies and the spectrum of the nation’s tax industry today announced a new joint effort to combat the growth of scams and schemes threatening taxpayers and tax systems. IRS reminds truckers of upcoming tax deadline IR-2024-214, Aug. 15, 2024 — The Internal Revenue Service reminds those who operate large trucks and buses that the deadline for filing Form 2290, Heavy Highway Vehicle Use Tax Return, is Tuesday, Sept. 3, 2024, for vehicles used in July 2024. The usual Aug. 31 deadline is delayed until the next business day because it falls on a Saturday this year. IRS provides details of second Employee Retention Credit Voluntary Disclosure Program; program for improper claims open through Nov. 22 IR-2024-213, Aug. 15, 2024 — The Internal Revenue Service urged businesses that have received Employee Retention Credit payments to recheck eligibility requirements and consider the second Employee Retention Credit (ERC) Voluntary Disclosure Program (VDP) to resolve incorrect claims without penalties or interest. IRS reopens Voluntary Disclosure Program to help businesses with problematic Employee Retention Credit claims; sending up to 30,000 letters to address more than $1 billion in errant claims IR-2024-212, Aug. 15, 2024 —The Internal Revenue Service announced today a limited time reopening of the Voluntary Disclosure Program to help businesses fix incorrect Employee Retention Credit claims as the agency continues compliance work. IRS accepting applicants for 2025 Compliance Assurance Process with expanded eligibility criteria IR-2024-211, Aug. 15, 2024 — The Internal Revenue Service today announced the opening of the application period for the 2025 Compliance Assurance Process (CAP) program, which will run from Sept. 4 to Oct. 31, 2024. IRS encourages organizations planning to claim elective pay to complete pre-filing registration now for 2023 tax year IR-2024-210, Aug. 14, 2024 — The Internal Revenue Service strongly urges qualifying businesses, tax-exempt organizations, and state, local and Indian tribal governments to complete the pre-filing registration process now for projects placed in service in 2023 if they plan to claim elective pay. Hurricane Debby relief expanded to all of Vermont; various deadlines postponed to Feb. 3, 2025 IR-2024-209, Aug. 13, 2024 — The Internal Revenue Service today announced tax relief for individuals and businesses affected by Hurricane Debby in all 14 Vermont counties. IRS, Security Summit release new Written Information Security Plan to help tax pros protect against identity thieves, data risks IR-2024-208, Aug. 13, 2024 — The Internal Revenue Service and the Security Summit partners today announced the availability of a new, updated Written Information Security Plan designed to help protect tax professionals against continuing threats from identity thieves and data breaches. IRS provides relief to Minnesota victims of severe storms, flooding; various deadlines postponed to Feb. 3, 2025 IR-2024-207, Aug. 12, 2024 — The IRS announced today tax relief for individuals and businesses in 25 Minnesota counties affected by severe storms and flooding that began on June 16, 2024. IRS reminds taxpayers of convenient option to electronically request relief for certain late-filed international documents, forms for those not under examination IR-2024-206, Aug. 12, 2024 — The Internal Revenue Service today reminded taxpayers of the ability to submit electronic requests for relief for certain late-filed international documents. IRS relief now available to Hurricane Debby victims in all of South Carolina, most of Florida and North Carolina, part of Georgia; various deadlines postponed to Feb. 3, 2025 IR-2024-205, Aug. 9, 2024 — The Internal Revenue Service today announced tax relief for individuals and businesses in four states affected by Hurricane Debby. IRS updates draft version of Form 1099-DA, Digital Asset Proceeds From Broker Transactions; requests comments on form planned for 2025 IR-2024-204, Aug. 9, 2024 — The Internal Revenue Service today posted an early draft of the updated Form 1099-DA, which is the form for brokers to report certain sale and exchange transactions of digital assets that take place beginning in calendar year 2025. Generally, these forms will be sent separately to taxpayers and the IRS in early 2026. IRS moves forward with Employee Retention Credit claims: Agency accelerates work on complex credit as more payments move into processing; vigilance, monitoring continues on potentially improper claims IR-2024-203, Aug. 8, 2024 — The Internal Revenue Service announced today additional actions to help small businesses and prevent improper payments in the Employee Retention Credit (ERC) program, including accelerating more payments and continuing compliance work on the complex pandemic-era credit that was flooded with claims following misleading marketing. Department of Treasury and IRS release Inflation Reduction Act clean energy statistics IR-2024-202, Aug. 7, 2024 — The Department of the Treasury and the Internal Revenue Service today issued statistics on the Inflation Reduction Act clean energy tax credits for tax year 2023. Multi-factor authentication: Key protection to tax professionals’ security arsenal now required IR-2024-201, Aug. 6, 2024 — The Internal Revenue Service and the Security Summit partners remind tax professionals that using multi-factor authentication is now more than an important protection for their businesses and their clients – it’s now a federal requirement. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
