Tax Transcript Tips for FAFSA 2019-2020 College Semesters
When filling out financial aid applications, students and families may need to get tax information to complete the Free Application for Federal Student Aid form.
June 2019
Educators Claim Deduction to Get Money Back for Classroom Expenses
Educators may be able to deduct unreimbursed expenses on their tax return. This deduction can put money right back in the pockets of eligible teachers and other educators.
Members of the Armed Forces Entitled to Certain Tax Benefits
Members of the military and their families often qualify for special tax benefits.
Millions more ITINs set to expire in 2019
Nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019 as the Internal Revenue Service continues to urge affected taxpayers to submit their renewal applications early to avoid refund delays next year.
Charitable Contributions and State and Local Tax Credits
The U.S. Department of the Treasury and the Internal Revenue Service issued final regulations that require taxpayers to reduce their charitable contribution deductions by the amount of any state or local tax credits they receive or expect to receive in return.