Tag Archive for: tax returns

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Maximum educator expense deduction rises to $300 in 2022

WASHINGTON — As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they'll be able to deduct up to $300 of out-of-pocket classroom expenses for 2022 when they file their federal income tax return…
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Oct. 15 deadline for taxpayers who requested extensions to file 2020 tax returns

WASHINGTON — The Internal Revenue Service today reminds taxpayers about the upcoming October 15 due date to file 2020 tax returns. People who asked for an extension should file on or before the extension deadline to avoid the penalty for filing…