February 5, 2013 3:38 pm

IRS on Tumblr

Twitter. YouTube. Now you can add Tumblr to the list of social media sites where you can find the IRS. Here you can view videos, podcasts, and more about taxes from the IRS.

The IRS expects to share information on such topics as late tax law changes, the earned income tax credit, and Free File. Currently, you’ll find information posted about more relief for certain New Jersey and New York victims of Hurricane Sandy. Find the IRS here (http://internalrevenueservice.tumblr.com/).

Source: IR-2013-13

advertisement
Tax Glossary

Deductions

Items directly reducing income. Personal deductions such as for mortgage interest, state and local taxes, and charitable contributions are allowed only if deductions are itemized on Schedule A, but deductions such as for alimony, capital losses, moving expenses to a new job location, business losses, student loan interest, and IRA and Keogh deductions are deducted from gross income even if itemized deductions are not claimed.

More terms