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

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Tax Glossary

Individual retirement account (IRA)

A retirement account to which up to $4,000 (or $5,000 if you are 50 or over) may be contributed for 2007, but deductions for the contribution are restricted if you are covered by a company retirement plan. Earnings accumulate tax free.

More terms