IRS.com is not affiliated with any government agencies

Tax Relief

Is Daycare Tax Deductible? Here’s What You Should Know in 2025

Daycare expenses can be a major cost for working parents, but the good news is, they may help reduce your taxes. Certain childcare costs are…


Form 7202: Remembering (And Handling) COVID-19 Relief

It’s time to take a walk down memory lane; unfortunately, we’re going back to a time you probably hated: The lockdowns. If you're self-employed and…


Form 4684: Reporting Casualty and Theft Losses in 2025

When disaster strikes (whether from a storm, fire, theft, or another unexpected event) the emotional and financial toll can be huge. If you've experienced a…


Form 8300: Reporting Cash Payments of Over $10,000

Form 8300 is used to report large cash payments—specifically, any cash transaction over $10,000 received in a trade or business. If you run a business…


Can I Roll My Taxes into Next Year?: A Last Resort For Tax Debt

When tax season rolls around and the numbers don’t quite work in your favor, it’s natural to start asking questions like, can I roll my…


Tax Benefits for Buying a Car

Buying a car can come with some surprising tax perks, depending on how and why you purchase it. This article covers the tax benefits of…


The Tax Penalty for No Health Insurance

Health insurance is an essential aspect of financial and medical security for many Americans. However, for those who choose to go without health insurance, there…


Energy Efficient Home Improvement Credit

With rising energy costs and growing environmental concerns, many homeowners are looking for ways to improve their homes' energy efficiency. The Energy Efficient Home Improvement…