Telephone filing spreads to more taxpayers nationwide
The IRS expands TeleFile to include more taxpayers this year with new eligibility rules for married couples and unemployment recipients. TeleFile uses a 10 minute telephone process with prompts and confirmation numbers, plus options to file via tax professionals or software. Direct deposit of refunds is now available, and e filing aims to become the norm with faster refunds and fewer errors.
MENTIONED IN THIS ARTICLE
Ashington
Internal Revenue Service
IRS
Tax record keeping timelines andForm 4506 copy cost
Guidance on retaining records for tax returns specifies three years from the filing date or two years from payment, whichever is later. Home value records and non deductible IRA contributions should be kept permanently. To obtain an old return a copy is available via Form 4506 at a $14 fee.
Wealthy still face taxes on Social Security benefits
Well-to-do retirees may owe taxes on a portion of their Social Security benefits. Tax rates depend on other income, with thresholds for married and single filers. The article reviews IRS forms, publications, and deductions affecting taxation, including standard deduction boosts for age and blindness, and changes enacted for post-1996 pension rules.
MENTIONED IN THIS ARTICLE
IRS
Irs.ustreas.gov
Ashington
U.S. Civil Service
Congress
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