Group-term life insurance
Total amount of coverage IRC section 79 provides an exclusion for the first $50,000 of group-term life insurance coverage provided under a policy carried directly or indirectly by an employer.…
Read moreApril 15 deadline reminder for tax year 2021 returns
Taxpayers have until April 15 to file their 2021 tax returns to claim a refund. The IRS estimates that more than $1 billion in refunds remain unclaimed. Taxpayers typically have three years…
Read moreRetirement topics – Required minimum distributions (RMDs)
You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach…
Read moreHome energy tax credits
f you make energy improvements to your home, tax credits are available for a portion of qualifying expenses. The credit amounts and types of qualifying expenses were expanded by the…
Read moreSchedule Your Appointment Online!
📅 Convenient. Fast. Easy. Say goodbye to long waits and phone calls! Book your appointment with just a few clicks. How to Schedule: Visit Our Website: book.unclejoetax.com Choose Your…
Read moreIRS, national partners launch EITC Awareness Day on 50th anniversary of the Earned Income Tax Credit
EITC has helped America’s working families since 1975 WASHINGTON — The Internal Revenue Service and partners around the nation today celebrated the 50th anniversary of the Earned Income Tax Credit (EITC) with the launch…
Read moreIRS reminder: Wage statements and certain information returns due by Jan. 31
IRS reminder: Wage statements and certain information returns due by Jan. 31 WASHINGTON — As tax filing season nears, the Internal Revenue Service reminds businesses to submit wage statements and certain information returns to the…
Read moreThe Taxpayer Bill of Rights: Fundamental protection for all taxpayers
All taxpayers have rights any time they interact with the IRS. These ten rights outlined in the Taxpayer Bill of Rights. These rights cover a wide range of topics and issues…
Read morePrepare to include digital assets on taxes in 2025
Just like previous filing years, taxpayers must report all digital asset-related income when they file their 2024 federal income tax return. A digital asset is property that is stored electronically and can be…
Read moreGather and organize 2024 tax documents
To make tax time easier, taxpayers should establish an effective record-keeping system, either electronic or paper, to organize all important documents in one place. This includes year-end income forms such…
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