Current Resources and Announcements

Check here often for the latest trends, tips and information from the IRS, Arizona Department of Revenue and other agencies and industry leaders. Past posts and articles have been categorized here for quick reference.

Issue Number: COVID Tax Tip 2021-177: What taxpayers can do now to get ready to file taxes in 2022

Dec 2, 2021 | IRS Tax Tips

There are steps people, including those who received stimulus payments or advance child tax credit payments, can take now to make sure their tax filing experience goes smoothly in 2022. They can start by visiting the Get Ready page on IRS.gov. Here are some other...

Issue Number: Tax Tip 2021-170: IRS announces changes to retirement plans for 2022

Nov 17, 2021 | IRS Tax Tips

Next year taxpayers can put an extra $1,000 into their 401(k) plans. The IRS recently announced that the 2022 contribution limit for 401(k) plans will increase to $20,500. The agency also announced cost‑of‑living adjustments that may affect pension plan and other...

Issue Number: Do I Need to Fill OUt a New W-4?

Nov 16, 2021 | IRS Tax Tips

Here is a video tax tip from the IRS: Do I Need to Fill Out a New W-4? English | Spanish Subscribe today: The IRS YouTube channels provide short, informative videos on various tax related topics in English, Spanish and ASL. www.youtube.com/irsvideos...

Issue Number: Tax Tip 2021-168: Why it’s important that taxpayers know and understand their correct filing status

Nov 15, 2021 | IRS Tax Tips

As taxpayers get ready for the upcoming filing season, It’s important for them to know their correct filing status. A taxpayer’s filing status defines the type of tax return form they should use when filing their taxes. Filing status can affect the amount of tax they...

Issue Number: Tax Tip 2021-158: Taxpayers can find legitimate charities using the Tax Exempt Organization Search tool

Oct 28, 2021 | IRS Tax Tips

When taxpayers decide to support a cause they care about, they want their donation to do as much good as possible. Doing some research can help ensure donations go to legitimate and qualified charities and help donors avoid scams. The IRS’s Tax Exempt Organization...

IR-2021-143: IRS: Families receiving monthly Child Tax Credit payments can now update their direct deposit information

Jul 1, 2021 | IRS Tax Tips

WASHINGTON — The Internal Revenue Service today upgraded a key online tool to enable families to quickly and easily update their bank account information so they can receive their monthly Child Tax Credit payment. The bank account update feature was added to...