All income is taxable, including gig economy and tip income Tax Tip 2023-42, March 30, 2023 — It’s important for taxpayers to file a federal tax return that has a complete and correct reporting of their income – which may mean including income from sources other than regular wages from an employer. Income from gig economy activities and tip income are two common sources of such income. Taxpayers should bookmark IRS.gov this filing season for tax info and helpful tools Tax Tip 2023-41, March 29, 2022 — The 2023 filing season in full swing. Taxpayers can add IRS.gov to their favorite bookmarks to stay on top of the latest tax information. On IRS.gov, the IRS offers helpful online tools and resources for taxpayers getting ready to file their 2022 tax return. Free tax filing options for families Tax Tip 2023-40, March 28, 2023 — Raising a family is expensive, so it’s important to save money wherever possible. One way to do this is by using IRS Free File to prepare tax returns. IRS Free File offers online tax preparation software, electronic filing and direct deposit of refunds at no cost. Attempting this W-2 scam can lead to penalties for taxpayers Tax Tip 2023-39, March 27, 2023 — A new scam circulating on social media urges people to use wage information on a tax return to claim false credits in hopes of getting a big refund. Don’t fall for these federal tax refund myths Tax Tip 2023-38, March 23, 2023 — Once people complete and file their tax return, many of them eagerly await any refund they may be owed. No matter how a taxpayer plans to use their tax refund, knowing fact from fiction can help manage expectations as they wait for their money. What taxpayers should do when they receive Form 1099-K Tax Tip 2023-37, March 22, 2023 — Form 1099-K, Payment Card and Third Party Network Transactions, is an IRS form that is used to report certain payment transactions. Reporting foreign income and filing a tax return when living abroad Tax Tip 2023-36, March 21, 2023 — U.S. citizen and resident aliens living abroad should know their tax obligations. Their worldwide income -- including wages, unearned income and tips -- is subject to U.S. income tax, regardless of where they live or where they earn their income. Options for taxpayers with a tax bill they can’t pay Tax Tip 2023-35, March 20, 2023 — Taxpayers who can’t pay their tax bill by the April 18, 2023, deadline shouldn’t panic. The IRS offers several options to help them meet their obligations. Filers should know about changes to common credits and deductions Tax Tip 2023-34, March 15, 2023 — Taxpayers who haven’t filed yet should make sure they’re familiar with the changes to credits and deductions for tax year 2022 to help them file an accurate return by the April 18, 2023, deadline. Some things taxpayers getting ready to file should know Tax Tip 2023-33, March 14, 2023 — With the 2023 tax filing season in full swing, taxpayers should be sure to visit IRS.gov for updated resources and tools to help with their 2022 tax return. What the Right to Quality Service means for taxpayers Tax Tip 2023-32, March 13, 2023 — All taxpayers should know their rights, especially when they’re working with the IRS on a tax matter. IRS employees should also be familiar with knowing, observing and protecting taxpayers’ rights. The Taxpayer Bill of Rights lists and defines 10 fundamental rights of every taxpayer. On this list is the Right to Quality Service. IRS Free File can handle many complicated tax returns IRS Tax Tip 2023-31, March 9, 2023 — IRS Free File helps millions of taxpayers file their federal and state tax returns for free every year. While many eligible taxpayers are already taking advantage of this tax preparation software, other taxpayers may not realize that they’re eligible to use IRS Free File – or that it can be used for complicated returns. Taxpayers should know that an extension to file is not an extension to pay taxes Tax Tip 2023-30, March 8, 2023 — Taxpayers who aren’t able to file by the April 18, 2023, deadline can request an extension before that deadline, but they should know that an extension to file is not an extension to pay taxes. If they owe taxes, they should pay them before the due date to avoid potential penalties and interest on the amount owed. Filing season information and resources for military members and veterans Tax Tip 2023-29, March 7, 2023 — The IRS offers a variety of tax resources and information designed to help members of the military community navigate their unique and sometimes complex tax situations. Reviewing these resources before filing can make completing an accurate tax return easier. The IRS offers easy and convenient options to make federal tax payments Tax Tip 2023-28, March 6, 2023 — Anyone who needs to pay their federal tax bill has several ways to send a payment to IRS quickly and securely. Knowing the options to make payments helps taxpayers meet their tax obligations. People may want to file a tax return – even if they aren’t required to do so Tax Tip 2023-27, March 2, 2023 — Some people choose not to file a tax return because they aren’t legally required to file, but they could be missing out on refundable tax credits or an income tax refund. Taxpayers can approve power of attorney or tax information authorization requests online Tax Tip 2023-26, March 1, 2023 — Taxpayers can quickly review, approve and sign power of attorney and tax information authorization requests through their IRS Online Account. Tax tip archive IRS tax tips from January 2011 forward.
