Posts tagged tax deduction
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Using the latest technologies, the IRS offers multiple avenues for you to get tax information. If you have a smartphone, we have an app! If you like to watch videos from your phone or computer, we have dozens of helpful YouTube videos…and, of course, follow us on Tumblr.

Here you'll find tax tips, videos, podcasts and more.
5 months ago
6
To deduct moving expenses, the following should apply:
1. Your move closely relates to the start of work.
2. You meet the distance test.
3. You meet the time test.
If you qualify, you can generally claim deductions such as:
Travel
Household goods
Utilities and other qualified moving expenses
Publication 521 has details on how to deduct moving expenses on your tax return.
Tax forms to file: 
To figure the amount of your deduction, use Form 3903, Moving Expenses.
To change your address, use Form 8822, Change of Address.
Visit IRS.gov

To deduct moving expenses, the following should apply:

1. Your move closely relates to the start of work.

2. You meet the distance test.

3. You meet the time test.

If you qualify, you can generally claim deductions such as:

Travel

Household goods

Utilities and other qualified moving expenses

Publication 521 has details on how to deduct moving expenses on your tax return.

Tax forms to file:

To figure the amount of your deduction, use Form 3903, Moving Expenses.

To change your address, use Form 8822, Change of Address.

Visit IRS.gov

1 year ago
0

IRS Offers Tips for Year-End Giving

imageTo help taxpayers plan their holiday-season and year-end giving, the IRS offers the following additional reminders:

• Contributions are deductible in the year made.
• Check that the organization is qualified using the IRS Exempt Organizations Select Check tool
• For individuals, only taxpayers who itemize their deductions on Form 1040 Schedule A can claim deductions for charitable contributions.
• For all donations of property, including clothing and household items, get from the charity, if possible, a receipt that includes the name of the charity, date of the contribution, and a reasonably-detailed description of the donated property.
• If the amount of a taxpayer’s deduction for all noncash contributions is over $500, a properly-completed Form 8283 must be submitted with the tax return.
• And, as always it’s important to keep good records and receipts.

IRS.gov has additional information on charitable giving including:
• Charities & Non-Profits
• Publication 526, Charitable Contributions
• Online mini-course, Can I Deduct My Charitable Contributions? 
• IRS Exempt Select Check Tool YouTube Video