IRS.com is not affiliated with any government agencies

Income Taxes

Vermont Flooding Victims Eligible for Tax Relief and Extended Deadlines

  https://youtu.be/vaN2hXFbL8A   On July 13th, 2023, the IRS released tax relief effective July 9th for residents and businesses impacted by severe flooding in 14…


Do You Have to Pay Taxes on Unemployment Benefits?

I guess income is income, even if you're on unemployment. Unemployment benefits are a lifeline for individuals who have lost their jobs. However, it's important…


Retired and Filing Taxes: Does My Social Security Count as Income on My Taxes?

You think you're asking a yes-or-no question. Then the IRS answers with a percentage. Are Social Security benefits considered income? Yes, this crucial source of…


Does Unemployment Count as Income?

So you got fired and now you're taxed? Believe it or not, there's good news: You have income. Unemployment benefits can often be a financial…


Minor Question: Do Minors Get Taxes Withheld from Their Paychecks?

If minors don't get taxes taken out, can I be 18 again? Yes, if a dependent child earns income, they will have their state and…


How to Check if You Owe the IRS Money (And Smart Ways to Negotiate and Pay Them, Including Installment Plans)

"Do I owe the IRS?" Well, it's always a good idea to check. When it comes to taxes, it's not uncommon for taxpayers to feel…


Disability Income Can Affect Your Tax Refunds in a Good Way, Depending on Its Origin

"Refund" might be the wrong word for a tax credit, but it's usually good news either way, right? Disability income can impact tax refunds in…


What Every Parent Needs to Know About the Child Tax Credit (and the Update Portal)

Just because the monthly check is gone, the tax credit isn't. Parents should be aware that the Advance Child Tax Credit payments, which were monthly…