Editorial team of TFX
Articles
Tax relief for those affected by terrorist attacks in Israel
The Internal Revenue Service (IRS) has announced tax relief measures for individuals and businesses impacted by the recent terrorist attacks in Israel. Announcement overview The IRS has extended the deadline for various fed...
Tax relief for Louisiana residents affected by seawater intrusion
The Internal Revenue Service (IRS) has announced tax relief measures for individuals and businesses in parts of Louisiana impacted by seawater intrusion. Announcement overview The IRS has declared that taxpayers affected by seawater intrusion in specific parts of Louisiana now have an extended deadline, until Feb. 15, 2024, ...
IRS extends relief for drought-impacted farmers and ranchers
The Internal Revenue Service (IRS) has issued a reminder for eligible farmers and ranchers who were compelled to sell their livestock due to drought conditions. These individuals may now have an extended timeframe to replace their livestock and defer tax on any gains from these forced sales. Announcement overview T...
Tax relief for hurricane Lee victims in Maine and Massachusetts
The Internal Revenue Service (IRS) has recently made an announcement regarding tax relief measures for those affected by Hurricane Lee in both Maine and Massachusetts. Announcement details The IRS has declared that individuals and businesses that have been impacted by Hurricane Lee in Maine and Massachusetts are now eligible...
Expanded Tax Credit for Energy-Efficient Home Builders
The IRS has announced that eligible contractors who construct or significantly renovate energy-efficient homes may qualify for an expanded tax credit. The potential credit can go up to $5,000 for each qualifying home. The exact credit amount is contingent on various factors, including the type of home, its energy efficiency, and the acq...
Tax Relief Announcement: IRS Extends Deadline for South Carolina Taxpayers Affected by Idalia
If you're a South Carolina taxpayer impacted by Idalia, the Internal Revenue Service (IRS) has just announced essential tax relief measures. Individuals and businesses in the affected areas now have until February 15, 2024, to complete their federal individual and business tax filings and tax payments. This tax relief parallel...