Editorial team of TFX
Articles
Treasury and IRS release guidance on the prevailing wage and apprenticeship requirements for increased credit and deduction amounts under the Inflation Reduction Act
The Department of the Treasury and the IRS have issued final regulations regarding the prevailing wage and apprenticeship (PWA) requirements for increased credit or deduction amounts under the ...
IRS provides tax relief for East Palestine train disaster victims
The IRS has announced that many payments made to individuals affected by the East Palestine train derailment are tax-free. This guidance is intended to help those in Ohio, Pennsylvania, and West Virginia who were affected by this incident. Covered disaster area <...
IRS announces tax relief for taxpayers impacted by storms in West Virginia and Kentucky
The Internal Revenue Service has announced comprehensive tax relief for individuals and businesses affected by the recent severe storms in West Virginia and Kentucky. The relief includes extensions of various tax deadlines through November 1, 2024. Covered disaster area<...
IRS announces tax relief for taxpayers impacted by severe storms and tornadoes in Iowa
The Internal Revenue Service (IRS) has announced tax relief for individuals and businesses in Iowa affected by the severe storms and tornadoes that occurred on April 26, 2024. This relief extends the deadline for filing various federal tax returns and making tax payments ...
IRS issues warning on tax refund scams involving credits
The Internal Revenue Service (IRS) has recently issued a warning to taxpayers about potential scams involving inflated refund claims, particularly those related to the Fuel tax credit, ...
2025 Updates to HSA contribution limits: Maximizing tax savings
The Internal Revenue Service (IRS) has announced an increase in the contribution limits for Health Savings Accounts (HSAs) for 2025, a move that reflects adjustments for inflation and aims to aid individuals with high deductible health pla...