Fact Sheets

IRS offers tips for people who haven’t filed their 2021 tax return; encourages taxpayers to file soon

FS-2022-35, August 2022 — Many people haven’t yet filed their 2021 tax return, with an estimated 19 million taxpayers requesting an extension to file until October 17. Others haven’t yet filed because they need help, can’t find their records or are unsure about whether they need to file. The IRS urges people to file electronically sooner rather than later and provides resources to get the answers needed to file an accurate return.

Security Summit partners urge tax pros to create plan for data safety

FS-2022-34, August 2022 — With data security incidents continuing, the Internal Revenue Service, state tax agencies and the tax industry – known as the Security Summit -- urge tax professionals to develop a security plan.

Understanding how the IRS contacts taxpayers; Avoiding scams and how to know it’s really the IRS reaching out

FS-2022-33, July 2022 — With continuing phone and in-person scams taking place across the country, the IRS wants to help taxpayers understand how and why agency representatives may contact taxpayers.

IRS revises the 2021 Child Tax Credit and Advance Child Tax Credit frequently asked questions PDF

FS-2022-32, July 2022 — This Fact Sheet updates the 2021 Child Tax Credit and Advance Child Tax Credit frequently asked questions (FAQs). These updates are to help eligible families properly claim the credit when they prepare and file their 2021 tax return.

IRS issues Superfund Chemical Excise Taxes FAQs

FS-2022-31, June 2022 — This fact sheet explains what the Superfund chemical excise tax is, how the tax is computed, and who may be liable for the tax.

IRS Updates Questions and Answers about the Tax Year 2021 Earned Income Tax Credit

FS-2022-30, May 2022 — This Fact Sheet updates the frequently asked questions (FAQs) for Tax Year 2021 Earned Income Tax Credit (FS-2022-14). More people without children now qualify for the Earned Income Tax Credit (EITC), the federal government's largest refundable tax credit for low- to moderate-income families. In addition, families can use pre-pandemic income levels to qualify if it results in a larger credit.

IRS revises the 2021 Child Tax Credit and Advance Child Tax Credit frequently asked questions PDF

FS-2022-29, May 2022 — This Fact Sheet revises the 2021 Child Tax Credit and Advance Child Tax Credit frequently asked questions (FAQs). These updates are to help eligible families properly claim the credit when they prepare and file their 2021 tax return.

IRS updates Tax Year 2021/Filing Season 2022 Child Tax Credit Frequently Asked Questions, information to help taxpayers prepare their 2021 returns PDF

FS-2022-28, April 2022 — This Fact Sheet provides a new Topic F to the Tax Year 2021/Filing Season 2022 Child Tax Credit Frequently Asked Questions (FAQs) that highlight the most commonly asked filing season questions to assist taxpayers who received the Advance Child Tax Credit or who were eligible to receive the Child Tax Credit in preparing their 2021 tax returns.

IRS updates frequently asked questions to assist those claiming the 2021 Recovery Rebate Credit PDF

FS-2022-27, April 2022 — This Fact Sheet updates frequently asked questions (FAQs) for the 2021 Recovery Rebate Credit. Individuals who did not qualify for, or did not receive, the full amount of the third Economic Impact Payment may be eligible to claim the 2021 Recovery Rebate Credit based on their 2021 tax year information.

IRS revises the 2020 Recovery Rebate Credit Frequently Asked Questions PDF

FS-2022-26, April 2022 — This Fact Sheet revises the frequently asked questions (FAQs) for the 2020 Recovery Rebate Credit Frequently Asked Questions (FAQs).

Lè pou depoze yon Deklarasyon Vòl Idantite

FS-2022-25, Avril 2022 — Lè yon kontribyab panse yo te itilize enfòmasyon pèsonèl li pou fè deklarasyon taks, li sipoze soumèt yon Fòm 14039, Deklarasyon Vòl Idantite (an anglè) bay IRS. Men nan pifò ka yo, kontribyab yo pa bezwen ranpli fòm sa a. Se sèlman viktim vòl idantite ki gen rapò ak taks ki dwe soumèt Fòm 14039 la, epi se sèlman si yo pat resevwa yon sesèten lèt nan men IRS.

Details on reporting foreign bank and financial accounts

FS-2022-24, March 2022 — The law requires U.S. persons to report their overseas financial accounts because foreign financial institutions may not be subject to the same reporting requirements as domestic institutions. Civil and criminal penalties may apply for failures to properly file their Report of Foreign Bank and Financial Account (FBAR) when required. The IRS provides these details to help filers prepare and file their FBAR.

FAQs for Payments by Indian Tribal Governments and Alaska Native Corporations to Individuals Under COVID-Relief Legislation

FS-2022-23, March 2022 — This Fact Sheet issues final FAQs for Payments by Indian Tribal Governments and Alaska Native Corporations to Individuals under COVID-Relief Legislation, which reflect updates to the Draft FAQs based on input from tribal government and Alaska Native Corporations leaders.

Questions and Answers about the Third-round Economic Impact Payment PDF

FS-2022-22, March 2022 — This Fact Sheet updates frequently asked questions (FAQs) for the third-round Economic Impact Payment.

IRS updates 2020 unemployment compensation exclusion FAQs PDF

FS-2022-21, March 2022 — This Fact Sheet updates several FAQs in the 2020 unemployment compensation exclusion frequently asked questions (FAQs).

Money received through "crowdfunding" may be taxable; taxpayers should understand their obligations and the benefits of good recordkeeping

FS-2022-20, March 2022 — Crowdfunding is a method of raising money through websites by soliciting contributions from a large number of people. The contributions may be solicited to fund businesses, for charitable donations, or for gifts.

IRS-CI Highlights

FS-2022-19, March 2022 — This fact sheet shows just a small example of the types of cases in which CI has led or been significantly involved in over the last few years. These cases show the breadth and skill of CI’s Special Agents in various types of fraud and criminal activity that have had significant impacts on the financial system at home and abroad.

IRS Spotlights Criminal Investigation Law Enforcement

FS-2022-18, March 2022 — CI pursues financial crimes like money laundering, terrorist financing, cybercrimes, and sanctions evasion—including investigating and seizing assets of Russian elites

IRS updates the 2021 Child Tax Credit and Advance Child Tax Credit frequently asked questions PDF

FS-2022-17, March 2022 — This Fact Sheet updates the 2021 Child Tax Credit and Advance Child Tax Credit frequently asked questions (FAQs). These updates are to help eligible families properly claim the credit when they prepare and file their 2021 tax return.

Tax Credits for Paid Leave Under the Families First Coronavirus Response Act for Leave Prior to April 1, 2021 PDF

FS-2022-16, March 2022 — This Fact Sheet updates frequently asked questions (FAQs) for the Tax Credits for Paid Leave Under the Families First Coronavirus Response Act for Leave Prior to April 1, 2021.

Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021 for Leave After March 31, 2021 PDF

FS-2022-15, March 2022 — This Fact Sheet updates frequently asked questions (FAQs) for the Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021 for Leave After March 31, 2021.

IRS Issues Questions and Answers about the Tax Year 2021 Earned Income Tax Credit

FS-2022-14, March 2022 — This Fact Sheet provides frequently asked questions (FAQs) for Tax Year 2021 Earned Income Tax Credit. More people without children now qualify for the Earned Income Tax Credit (EITC), the federal government's largest refundable tax credit for low- to moderate-income families. In addition, families can use pre-pandemic income levels to qualify if it results in a larger credit.

Questions and Answers on the Premium Tax Credit PDF

FS-2022-13, February 2022 — This Fact Sheet updates frequently asked questions (FAQs) for the Premium Tax Credit.

IRS revises frequently asked questions to assist those claiming the 2021 Recovery Rebate Credit PDF

FS-2022-12, February 2022 — This Fact Sheet updates several frequently asked questions (FAQs) for the 2021 Recovery Rebate Credit. Individuals who did not qualify for, or did not receive, the full amount of the third Economic Impact Payment may be eligible to claim the 2021 Recovery Rebate Credit based on their 2021 tax year information.

IRS revises frequently asked questions for the Higher Education Emergency Grants PDF

FS-2022-11, February 2022 — This Fact Sheet updates frequently asked questions (FAQs) for the Higher Education Emergency Grants. This update adds new FAQ Questions 8 and 9.

IRS: Expanded credits for families highlight tax changes for 2021; many people who don’t normally file should file this year

FS-2022-10, February 2022 — Expanded tax credits for families, a deduction for non-itemizers who give to charity and a higher limit for itemizers who give to charity are among the American Rescue Plan changes that taxpayers will see on their 2021 federal income tax return.

IRS revises frequently asked questions to assist those claiming the 2021 Recovery Rebate Credit PDF

FS-2022-09, February 2022 — This Fact Sheet updates the 2021 Recovery Rebate Credit Frequently Asked Questions for the individuals who did not qualify for, or did not receive, the full amount of the third Economic Impact Payment and may be eligible to claim the 2021 Recovery Rebate Credit based on their 2021 tax year information.

IRS updates the 2020 Recovery Rebate Credit Frequently Asked Questions PDF

FS-2022-08, February 2022 — This Fact Sheet updates FAQ # F8 of the 2020 Recovery Rebate Credit Frequently Asked Questions (FAQs).

IRS updates the 2021 Child Tax Credit and Advance Child Tax Credit frequently asked questions PDF

FS-2022-07, February 2022 — This Fact Sheet updates the 2021 Child Tax Credit and Advance Child Tax Credit frequently asked questions (FAQs). These updates are to help eligible families properly claim the credit when they prepare and file their 2021 tax return.

IRS updates Filing Season 2021 Child Tax Credit frequently asked questions, information to help taxpayers prepare their 2021 returns PDF

FS-2022-06, January 2022 — This Fact Sheet provides new frequently asked questions (FAQs) to assist taxpayers who received the Advance Child Tax Credit or who were eligible to receive the Child Tax Credit in preparing their 2021 tax returns.

Special tips for the advance Child Tax Credit and filing the 2021 tax return

FS-2022-5, January 2022 — People who received advance Child Tax Credit payments should file a 2021 tax return to get the remainder of the credit for which they are eligible.

IRS issues frequently asked questions to assist those claiming the 2021 Recovery Rebate Credit PDF

FS-2022-04, January 2022 — This Fact Sheet provides frequently asked questions (FAQs) for the 2021 Recovery Rebate Credit.

IRS updates the 2021 Child Tax Credit and Advance Child Tax Credit frequently asked questions PDF

FS-2022-03, January 2022 — ACTC FAQs Fact Sheet which includes updated information about the advance Child Tax Credit.

IRS updates the 2020 Recovery Rebate Credit Frequently Asked Questions PDF

FS-2022-02, January 2022 —This Fact Sheet updates the Topic F in the 2020 Recovery Rebate Credit Frequently Asked Questions (FAQs).

IRS updates FAQs for 2020 Unemployment Compensation Exclusion PDF

FS-2022-01, January 2022 — IRS updates Topic G in the 2020 unemployment compensation exclusion FAQs.

News Release and Fact Sheet Archive

Find an archive of news releases and fact sheets from November 2002 and news releases and a listing of fact sheets from 1997.