Fact Sheets

Under the American Rescue Plan, employers are entitled to tax credits for providing paid leave to employees who take time off related to COVID-19 vaccinations

FS-2021-09, April 2021 — The American Rescue Plan Act of 2021 allows small and midsize employers, and certain governmental employers, to claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or recover from COVID-19 vaccinations.

More details about changes for taxpayers who received advance payments of the 2020 Premium Tax Credit

FS-2021-08, April 2021 — The American Rescue Plan Act of 2021 suspends the requirement that taxpayers increase their tax liability by all or a portion of their excess advance payments of the Premium Tax Credit (excess APTC) for tax year 2020.

How to report foreign bank and financial accounts

FS-2021-07, April 2021 — U. S. persons maintain overseas financial accounts for a variety of legitimate reasons, including convenience and access.

IRS information letters about Economic Impact Payments and the Recovery Rebate Credit

FS-2021-06, April 2021 — For taxpayers who received a letter from the Internal Revenue Service about their Recovery Rebate Credit, here are answers to frequently asked questions.

Updated details about the third round of Economic Impact Payments

FS-2021-05, March 2021 — The Internal Revenue Service and the Treasury Department are disbursing the third round of Economic Impact Payments (EIP3s) to the public as rapidly and securely as possible.

More details about the third round of Economic Impact Payments

FS-2021-04, March 2021 — The Internal Revenue Service, on behalf of the Treasury Department, worked to quickly begin delivery of the third round of Economic Impact Payments authorized by Congress in the American Rescue Plan Act in March 2021. Here are answers to some common questions about this set of stimulus payments, which differ in some ways from the first two sets of stimulus payments in 2020, referred to as EIP1 and EIP2.

Understand how to report large cash transactions

FS-2021-03, February 2021 — Although many cash transactions are legitimate, the government can often trace illegal activities through payments reported on complete, accurate Forms 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business. Here are facts on who must file the form, what they must report and how to report it.

Be tax ready: Understand how life changes may affect the 2020 tax return filed this year

FS-2021-02, February 2021— On February 12, the IRS will begin processing 2020 tax returns. This year for the first time, the Form 1040 and Form 1040-SR are available in Spanish. There are also some other changes and some special circumstances related to COVID-19 that the IRS wants taxpayers to think about before filing.

Tax professionals: How to use new "Submit Forms 2848 and 8821 Online"

FS-2021-01, January 2021 — Tax professionals can use a new online tool to upload authorization forms with either electronic or handwritten signatures. This new tool is part of the Internal Revenue Service’s efforts to develop remote transaction options that help tax practitioners and their individual and business clients reduce face-to-face contact.

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.