Tax Tips for Feb. 2024

Tax Tip 2024-12, Feb. 26, 2024 — Businesses, tax professionals and others who want to learn more about resolving incorrect Employee Retention Credit claims can view the IRS’s free webinar about the ERC Voluntary Disclosure Program and other IRS efforts to help taxpayers who may have been misled by aggressive marketing and misinformation around ERC eligibility.

Tax Tip 2024-11, Feb. 22, 2024 — A recurring scam this filing season targets tax professionals with a spearphishing email to collect their Electronic Filing Identification Numbers. Tax pros should be alert to this scam to protect their client data.

Tax Tip 2024-10, Feb. 21, 2024 — Military personnel who want to file free federal tax returns have several options, including the Department of Defense's MilTax and the IRS Free File program. These programs offer online tax preparation, electronic filing and direct deposit of refunds at no cost.

Tax Tip 2024-09, Feb. 20, 2024 — The IRS urges businesses to review their eligibility for the Employee Retention Credit because there’s limited time for them to voluntarily resolve incorrect claims and avoid future issues, such as penalties and interest.

Tax Tip 2024-08, Feb. 15, 2024 — With IRS Free File, even complicated tax returns can be filed for free. IRS Free File helps millions of taxpayers file their federal and state tax returns for free every year.

Tax Tip 2024-07, Feb. 14, 2024 — If taxpayers are filing a tax return for the first time, IRS Free File can help. This program provides free tax preparation, free electronic filing and free direct deposit for eligible taxpayers.

Tax Tip 2024-06, Feb. 13, 2024 — Tax professionals should watch out for a “new client” scam – an email scheme where cybercriminals pose as potential clients. This scam peaks during the busy tax filing season.

Tax Tip 2024-05, Feb. 12, 2024 — Whether they prepare and file their own tax returns or get in-person help, there are easy, secure and free tax filing options for seniors.

Tax Tip 2024-04, Feb. 6, 2024 — Through new elective payment and transfer options, applicable businesses, tax-exempt organizations or entities such as state, local and tribal governments can take advantage of certain tax credits – even if they don't have taxable income. They can apply these options to certain clean energy and manufacturing credits under the Inflation Reduction Act of 2022 and the CHIPS Act.

IRS tax tips from January 2011 forward.