Six Facts You Should Know Before Deducting a Charitable Donation

IRS Tax Tip 2016-47 | March 24, 2016:  If you gave money or goods to a charity in 2015, you may be able to claim a deduction on your federal tax return. Here are six important facts you should know about charitable donations.

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2016 Mileage Rates

Effective January 1, 2016, the standard mileage rates are revised as follows:

  • Business Rate = 54 cents per mile (down from 57.5 cents)
  • Medical and Moving Rate = 19 cents per mile (down from 23 cents)
  • The Charitable Rate remains unchanged at 14 cents

IRS Consumer Alert: Scammers Change Tactics, Once Again

From the IRS:  Aggressive and threatening phone calls by criminals impersonating IRS agents remain a major threat to taxpayers, but now the IRS is receiving new reports of scammers calling under the guise of verifying tax return information over the phone.

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IRS Reports Email Scams Jump 400 Percent

The IRS reported that phishing and malware incidents have jumped 400 percent so far during the 2016 filing season. The Service has renewed its warning against email scams designed to trick taxpayers into thinking they are official communications from the Service or others in the tax industry, including tax software companies.

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Passports Denied for Delinquent Taxpayers

The Fixing America's Surface Transportation (FAST) Act requires the Secretary of State to deny a passport (or renewal of a passport) to a seriously delinquent taxpayer (i.e., generally, a taxpayer with any outstanding debt for Federal taxes in excess of $50,000). It also requires the IRS to enter into qualified tax collection contracts with private debt collectors for the collection of inactive tax receivables.

Tax-Related Identity Theft: Tips to Avoid Becoming a Victim

Tax-related identity theft occurs when someone uses a stolen Social Security Number (SSN) to file a tax return to claim a fraudulent refund. Although identity theft affects a small percentage of tax returns, it can delay a taxpayer's refund and have a major impact on the victim's peace of mind.

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