Tax Tip 2022-191: Before toasting the new year, taxpayers should review this to-do list
![]() |
|||
|
|||
Useful Links:News EssentialsThe Newsroom TopicsIRS Resources
|
Issue Number: Tax Tip 2022-191Before toasting the new year, taxpayers should review this to-do list Whether they plan to stay up to greet the new year or go to bed early, taxpayers can get ready for 2023 by reviewing these common end-of-year tasks. People can always visit IRS’ Get Ready webpage for info on filing their tax return. Here are a few things they should keep on their radar. Check Individual Taxpayer Identification Number Individuals only need to renew an ITIN if it has expired and is needed on a federal tax return. Find information about retirement plans Contribute salary deferral Donate to charity IRA owners age 70½ or over have the option to transfer up to $100,000 to charity tax-free each year. These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a great way to give to charity before the end of the year. For those who are at least 72, QCDs count toward the IRA owner’s required minimum distribution for the year. Get banked and set up direct deposit Connect with the IRS Think about tax refunds Share this tip on social media — #IRSTaxTip: Before toasting the new year, taxpayers should review this to-do list. http://ow.ly/w9tq50M4Er2
Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov. This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message. |
This email was sent to [email protected] by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535 | ![]() |