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Potential Tax Benefits for Homeowners

Issue Number: Tax Tip 2025-40 Owning a home costs money, but there are tax benefits available to help homeowners save on some of common costs of homeownership. Homeowners should review the tax deductions, programs and housing allowances to see if they are eligible.

Have you been wondering how to handle IHSS income on a tax return?

How to Handle IHSS Income on a Tax Return In-Home Supportive Services (IHSS) payments can be tax-exempt in certain cases, depending on whether the provider lives with the recipient. Below are different scenarios and how to handle them when filing a tax return. Here is also some more information about this topic and the instructions […]

Tax pros: Know the potential signs of a data breach

Issue Number: Tax Tip 2024-74 The IRS and the Security Summit partners continue to see identity thieves targeting tax professionals in hopes of gaining valuable client tax information. Tax professionals should contact the IRS immediately when there’s an identity theft issue.

Security Summit partners conclude special campaign with reminders to protect tax professionals from identity theft, security threats

Issue Number: IR-2024-224 Week 8 of “Protect Your Clients; Protect Yourself” series focuses on important steps to protect data WASHINGTON — Concluding a special summer awareness campaign, the Internal Revenue Service and the Security Summit today urged tax professionals to maintain strong safety measures to protect themselves and their taxpayer clients against evolving data security […]

IRS warns tax professionals to be aware of EFIN scam email

IRS warns tax professionals to be aware of EFIN scam email WASHINGTON – The Internal Revenue Service and Security Summit partners today alerted tax professionals of a scam email impersonating various software companies in an attempt to steal Electronic Filing Identification Numbers (EFINs).