Most taxpayers claim the standard deduction when they file their federal tax return. However, some filers may be able to lower their tax bill by itemizing when they file their tax return. Before choosing to take the standard deduction or itemize, it’s a good idea to...

The IRS reminds shoppers to protect their tax and financial data from identity thieves. All it takes is a few extra steps to prevent cybercriminals from stealing sensitive data, such as financial account information, Social Security numbers, and credit card...

A natural disaster can strike any time; the Internal Revenue Service is reminding individuals and businesses to take time now and create or update their emergency preparedness plan. Individuals, families and businesses begin getting ready for a disaster with a...

Taxpayers can take steps to ensure smooth processing of their tax return next year. Here are three things taxpayers should know about the tax returns they will file next year. 1) It’s important to gather documents The IRS urges all taxpayers to file a complete and...

Get Ready for Taxes: What to Do Before the Tax Year Ends Dec. 31. WASHINGTON – As tax filing season approaches, the Internal Revenue Service reminds taxpayers there are things they should do now to get ready for filing season. For most taxpayers, Dec. 31 is the last...

Passwords are often the key to guarding access to personal information and data stored on computers or sent over email. Because most taxpayers file their returns electronically and access account information online, it is critical for taxpayers to not only create...

Owners who rent tourist or vacation homes have state tax responsibility Helena – The Montana Department of Revenue reminds people who rent a room, apartment, or home on a short-term basis to follow state taxation and permitting laws for lodging and accommodations....

Throughout the year, many taxpayers contribute money or gifts to qualified organizations eligible to receive tax-deductible charitable contributions. Taxpayers who plan to claim a charitable deduction on their tax return must do two things: Have a bank record or...

If you are an employee, the Withholding Calculator can help you determine whether you need to give your employer a new  Form W-4, Employee's Withholding Allowance Certificate to avoid having too much or too little Federal income tax withheld from your pay. You can use...

Taxpayers must report all gambling winnings as income. They must be able to itemize deductions to claim any gambling losses on their tax return. Taxpayers who gamble may find these tax tips helpful: Gambling income. Income from gambling includes winnings from the...