Tax relief

The IRS announced extensions for any area designated by FEMA.

The service had to set up the online portal quickly to allow parents to claim advance payments, but the rollout had some hiccups and over 1,300 taxpayers suffered ID theft.

The institute sent a letter to House lawmakers urging them to include a disaster provision in a bipartisan retirement bill that’s already part of the Senate version of the legislation.

The relief is only available for jointly filed income tax returns, according to the Tax Court.

The president said he’s aiming to decide this week whether to move to suspend the federal gasoline tax.

New Jersey will expand its planned property-tax relief program, providing more than $2 billion to more than 2 million households, Governor Phil Murphy said.

Newly released IR-2022-89 can help business clients avoid tax trouble.

The Internal Revenue Service is providing guidance on how employers and employees can help Ukraine while also qualifying for tax relief on the donation program.

The service has updated its FAQ on the 2021 Earned Income Tax Credit, with new information on using prior tax years to calculate it.

The service also failed to issue $80 million in payments to eligible individuals, according to a new report from TIGTA.