Tax Breaks for Medical Expenses
Depending on your situation, you may be able to claim certain medical expenses as deductions on your tax return. However, you must itemize deductions, and having enough expenses to qualify can be challenging.
Depending on your situation, you may be able to claim certain medical expenses as deductions on your tax return. However, you must itemize deductions, and having enough expenses to qualify can be challenging.
IRS Going Fully Electronic September 30, 2025
Paper checks for tax payments end September 30, 2025. All IRS transactions must be electronic – no exceptions. This security upgrade affects every taxpayer. Learn your payment options and prepare now to avoid compliance issues.
It is crucial to understand the difference between Independent Contractors and W2 earning employees.
“The IRS will make advance payments of the 2021 Child tax credit from July through December to all eligible taxpayers. Eligible taxpayers do not need to do anything other than file their 2020 tax returns to receive these payments.”