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Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The IRS is implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available.

Letters (F-J) page of a site map of the Nonprofits and Charities pages of IRS designed to make the web site easier to navigate

When computing compensation for employees and shareholders, S corporations may run into a variety of issues. This information may help to clarify some of these concerns.

IR-2023-80, April 13, 2023 — The Internal Revenue Service today reminded low- to moderate-income taxpayers, especially those who don’t normally file a tax return, to consider IRS Free File to prepare their own federal tax return to potentially receive overlooked tax credits or refunds.

IR-2024-103, April 10, 2024 — The Internal Revenue Service today encouraged low- to moderate-income individuals and families, especially those who don’t normally file a tax return, to use IRS Free File to prepare their federal tax return and get potentially overlooked refunds and tax credits.

FS-2023-09, April 2023 — A tax credit is a dollar-for-dollar amount taxpayers claim on their tax return to reduce the income tax they owe. Eligible taxpayers can use them to reduce their tax bill and potentially increase their refund.

Applicable Large Employers (ALEs) have benefits and responsibilities under the Affordable Care Act (ACA). Find tax provision forms and legal guidance for ALEs.

FS-2024-10, April 2024 — A tax credit is an amount taxpayers claim on their tax return generally to reduce their income tax. Eligible taxpayers can use them to potentially reduce their tax bill and increase their refund.

IR-2025-30, March 10, 2025 — The IRS encouraged taxpayers who have yet to prepare and file their tax returns to consider taking advantage of the many free options available – including Direct File, a free, fast and easy way to file directly with the IRS, now available in 25 states.

MD-2025-02, Feb. 11, 2025 — The Internal Revenue Service reminds taxpayers in Maryland that they can file their taxes quickly, easily and for free directly with the agency using IRS Direct File.