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Jobs Report Shows Pay Increased by 6.5% Over Last Year

Private sector employment increased by 278,000 jobs in May and annual pay was up 6.5 percent year-over-year, according to the May ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford…
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Florida storm victims qualify for tax relief; April 18 deadline, other dates extended to Aug. 15

WASHINGTON — Florida storm victims now have until Aug. 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is offering relief to any area designated…
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IRS reminds U.S. taxpayers living and working abroad to file their 2022 tax return by June 15

WASHINGTON — The Internal Revenue Service today reminded American taxpayers living and working outside the U.S. to file their 2022 federal income tax return by Thursday, June 15. This deadline applies to both U.S. citizens and resident aliens…
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IRS: Going green could help taxpayers qualify for expanded home energy tax credits

WASHINGTON — The Internal Revenue Service reminds taxpayers that making certain energy efficient updates to their homes could qualify them for home energy tax credits. The credit amounts and types of qualifying expenses were expanded by…
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Interest rates remain the same for the third quarter of 2023

WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2023. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded…
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IRS reminds tax-exempt organizations of annual May filing deadline

WASHINGTON — The Internal Revenue Service today reminded thousands of tax-exempt organizations of their May 15, 2023, filing deadline. The annual filing due date for certain returns filed by tax-exempt organizations is normally…
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Missed the April 18 filing deadline? File now to limit penalties and interest

WASHINGTON — The Internal Revenue Service today urged taxpayers who missed Tuesday's April 18 tax-filing deadline to file as soon as possible. Taxpayers who owe and missed the deadline without requesting an extension should file quickly to…
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Make sure withholding is right on 2023 paychecks

WASHINGTON — The Internal Revenue Service today suggested taxpayers who filed or are about to file their 2022 tax return use the IRS Tax Withholding Estimator to help update the amount of tax to have taken out of their 2023 pay. The IRS…
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Time running out to claim $1.5 billion in refunds

WASHINGTON ― The Internal Revenue Service announced today that nearly 1.5 million people across the nation have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. The IRS estimates almost $1.5 billion…