The IRS has released the 2021 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2021, the annual limitation on deductions for an individual with self-only coverage under a

The IRS will be adding 3,500 telephone representatives to answer queries about Economic Impact Payments. IRS Telephone Assistance and other services will remain limited, but answers for most common questions related to Economic

The IRS is reminding taxpayers that the Economic Impact Payment (EIP) amounts could be different than anticipated. Some Americans could have received a payment amount different than what they expected. EIPs vary based

The IRS reminded taxpayers that IRS.gov included answers to many common questions. This included the two recently launched Economic Impact Payment (EIP) tools, Get My Payment and Non-Filers Enter Payment Info. The Get My Payment tool shows the projected date

The IRS has reminded low-income individuals to use the free online tool Non-Filers: Enter Payment Info to easily register to receive their Economic Impact Payment. Further, the IRS emphasized that the new tool was designed

The IRS has announced significant enhancements to the "Get My Payment" tool to deliver an improved and smoother experience for Americans eligible to receive Economic Impact Payments (EIPs). These enhancements adjusted several items related to

The termination date for an empowerment zone designation is generally deemed to extend until December 31, 2020. However, the state or local government that nominated the zone may decline the deemed extension. Empowerment

The IRS has provided relief to support employer leave-based donation programs to aid victims of the COVID-19 (coronavirus) pandemic. Under these programs, employees may forgo vacation, sick or personal leave in exchange for

The IRS has warned nursing homes and other care facilities that Economic Impact Payments (EIPs) generally belong to the recipients, not the organizations providing the care, even if a nursing home or other

The IRS has urged taxpayers to remain vigilant against scammers who continue to use the COVID-19 emergency to perpetrate tax fraud. The IRS Criminal Investigation division (CI) has seen a variety of Economic