Economic impact payments: What you need to know

Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020   Click Here for the FAQ on the IRS website. WASHINGTON – The Treasury Department and the Internal Revenue Service today announced that distribution of...

IRS opens 2019 tax filing season for individual filers on Jan. 27

The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, Jan. 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns. The deadline to file 2019 tax returns and pay any...

IRS issues standard mileage rates for 2020

WASHINGTON — The Internal Revenue Service today issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2020, the standard mileage...