@rpshanley Hey Ryan, sorry I missed this. It's an itemized deduction on your ny state tax return -- so only available if you itemize. Click on the link and look for "job expenses" for context. https://t.co/PBzQCmfWdS
@IRSnews A7: If you file early, you can expect your EITC refund in late-February to early March if you choose to have your refund deposited to your bank account. That's due to a law that requires the IRS to hold those refunds until mid-February for fraud prevention purposes. #EITCchat
@IRSnews A5: Married couples sometimes try to file as unmarried (either Single or Head of Household) to increase their EITC. That's not allowed and can result in serious consequences including forfeiture of future EITC. A reputable tax pro can help you avoid this mistake. #EITCchat
@IRSnews A4: EITC is available even if you don't have kids as long as income, age, and residency requirements are met. If you don't have kids, you can earn up to $15,570 ($21,370 if MFJ) and still get an EITC of up to $529. #EITCchat
@IRSnews A3: (1) You must have earned income, (2) it must be within the eligibility range (3) you must have a valid SSN, (4) if you have qualifying children, you'll probably get a larger credit, (5) If you don't have kids, you must be at least 25 years old, but under 65. #EITCchat
@IRSnews A2: Nearly 1 out of every 5 eligible taxpayers miss out on the EITC each year because they either don’t know about the credit or they don’t file a tax return. Even if you don’t have a filing requirement, you could be missing out by not filing. #EITCchat
@IRSnews A1: The EITC is a refundable tax credit that provides a financial boost for lower to middle income working people and their local economies. See if you qualify https://t.co/iioP7XFNyO #EITCchat
@IRSnews A7: #IRS and the Security Summit have tons of resources to help you protect your data. 💪 You can get started at: https://t.co/QBX5egpmc3 #TaxSecurityChat
@IRSnews A7: You can sign up for the Tax Identity Shield from H&R Block to help you protect your tax identity: https://t.co/M8o4mjaXXg For the latest news and updates on #taxsecurity and tax fraud, visit https://t.co/t8lQUfCm1Z and follow @HRBlockNews. #TaxSecurityChat
@IRSnews A6: Be vigilant. Scammers want your clients’ data as much as your own. Tax professionals should complete security training as part of their required continuing education. @HRBlockNews shared these and other recommendations: https://t.co/GLflM07d8Q #TaxSecurityChat
@IRSnews A5: Employees are the first line of defense against cyberattacks. #IRS has guidelines to help your employees be ready to face common tactics. https://t.co/Ecl7EUY1Qw #TaxSecurityChat
@IRSnews A4: You may be taking steps to protect your own identity, but what about your kids’? Thieves can also use kids’ tax identities to fraudulently claim child-related tax benefits or create “synthetic” IDs. @HRBlockNews https://t.co/KckPd3QSEa #TaxSecurityChat
@IRSnews A3: The IRS will reject your return because someone else has already filed with your info or contact you about income you didn’t earn because someone else used your info for a job. If this happens, take these three steps from @HRBlockNews https://t.co/UQnhOQhHjJ #TaxSecurityChat
@IRSnews A2: Identity thieves use a technique called “phishing” to try to get your personal data and access your financial accounts. A phone call from someone pretending to be an authority figure and asking for your personal info is a common example. #TaxSecurityChat
@IRSnews A1: Protect your personal information, don’t fall for scams, file your taxes early and consider IRS protections like the IP PIN. Here’s a checklist from @HRBlockNews: https://t.co/BX6CoqRqk7 #TaxSecurityChat
A1: Protect your personal information, don’t fall for scams, file your taxes early and consider IRS protections like the IP PIN. Here’s a checklist from @HRBlockNews: https://t.co/BX6CoqRqk7 #TaxSecurityChat
Great! Welcome everyone 😀 -- Let's get right to it.
Q1: What steps do you recommend for the prevention of identity theft and refund fraud ahead of the 2020 tax filing season? #TaxSecurityChat