As the new school year begins, the Internal Revenue Service reminds teachers and other educators of the maximum educator expense deduction of $300 for out-of-pocket classroom expenses for 2023 when they file their federal income tax return next year. This is the same...
IRS
Information for organizations applying for tax-exempt status
Organizations applying for tax-exempt status must be organized and operated exclusively for any of these purposes: charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, or...
IRS launches paperless processing initiative
IRS paperless processing initiative will eliminate up to 200 million pieces of paper annually, cut processing times in half, and expedite refunds by several weeks Paper-based processes have long hampered the IRS and frustrated taxpayers. The challenges created by...