Many Expenses Qualify Eligible expenses include a wide range of medical, dental, and mental health services. These are explained in detail in IRS Publication 502,Medical and Dental Expenses. Note Over-the-counter medications and menstrual products qualify as HSA expenses, thanks to theCARE...
Reports on an error in the married person section of the Annual Payroll Period of the U.S. Internal Revenue Service (IRS). Corrections made by the U.S. IRS; Information on the defined benefit plan limits; Regulations in participants protections.EBSCO_bspPayroll Practitioners Monthly...
There are an abundance of helpful tools and information at the IRS.gov site and it's easy to miss taking advantage of a resource when you're not aware of its existence. The IRS.gov site also features specific resources for active military and veterans, charities and nonprofits, businesses, ...
Unfortunately, these rules can get a bit complicated. And this is one area on which many financial professionals are under-informed. The IRS has a publication dedicated specifically to this delicate topic (Publication 590 – Individual Retirement Arrangements), but it just gives the confusing mechani...
Those who want direct help from the IRS about those credits and the student loan interest deduction can access the IRS Publication 970, titled Tax Benefits for Education. This publication outlines tuition reductions, how to claim credits, how the interest deduction works and more. ...
To claim the credit, complete IRS Form 8863. For more information, see IRS Publication 970 Tax Benefits for Education. How the Lifetime Learning Credit Works With Other Tax Breaks You can’t claim the lifetime learning credit and the American opportunity credit for the same studen...
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” The most we can usually hope for is a link to the IRS webpage onTax Information for Members of the MilitaryorIRS Publication 3, Armed Forces Tax Guide. (To be fair, both of these are chock-full of great info, but it’s hard to suss out on your own, even as a professional ...
Many critics protest the constitutional legality of tax payments and the substantial legal penalties that can come from not paying. Some refuse to pay income tax, claiming the tax is unconstitutional and illegal. The IRS has produced a publication,The Truth About Frivolous Tax Arguments,which argues...