Taxpayers Reminded That Day Camp Expenses May Qualify for Child and Dependent Care Credit, IR-2024-216
The IRS has issued a reminder that summer day camp expenses may be eligible for the Child and Dependent Care tax credit. This tax benefit is available to working parents who pay for the care of their...

IRS Updates FAQs on Commercial Clean Vehicle Credits, FS-2024-26; IR-2024-197
The IRS has updated frequently asked questions (FAQs) to provide guidance related to the critical mineral and battery component requirements for the New, Previously Owned and Qualified Commercial Clea...

IRS Highlights New Business Tax Account Features, FS-2024-27
The IRS announced that it is continuing to expand the features within Business Tax Account (BTA), an online self-service tool for business taxpayers that now allows them to view and make balance-due p...

Guidance Issued on Retirement Plan Employer Matching Contributions Made for Student Loan Payments, Notice-2024-63; IR-2024-217
The IRS has issued a series of questions and answers for 401(k) and similar retirement plans that provide, or wish to provide, matching contributions based on eligible qualified student loan payments ...

IRS WBO Celebrates Contributions Leading to $7 Billion Recovery , IR-2024-199
The IRS Whistleblower Office has recognized the contributions of whistleblowers on the occasion of National Whistleblower Appreciation Day, which falls on July 30. Since its inception in 2007, the o...

IL - Information provided on new exemption for qualified purchases of home-delivered meals
Illinois provides information on a recently enacted sales and use tax exemption for home-delivered meals provided to Medicare or Medicaid recipients when payment is made by an intermediary pursuant to...