income tax

November 16, 2009 – Washington, DC – Congressman José E. Serrano today announced that several local groups had been awarded matching grants by the IRS to fund their Volunteer Income Tax Assistance (VITA) program. Serrano helped to start and fund this vital grant program when he became chairman of the House Appropriations Subcommittee that oversees the IRS’s budget.

Included in the latest funding list are the following Bronx organizations: Food Bank for NYC/Food for Survival, Inc. in the Bronx ($115,000); The NYC Financial Network Action Consortium ($90,000) and SEEDCO ($50,000).    » read more »

WASHINGTON, DC, April 7, 2009 — Credit card or debit card convenience fees charged for paying federal individual income taxes electronically are deductible for some taxpayers who itemize, the Internal Revenue Service (IRS) announced today.

Federal law bars the IRS from paying any fees associated with these credit or debit transactions. Card processors normally charge taxpayers for convenience fees when they use their credit or debit card to pay taxes. Fees vary but average about 2.5 percent of the tax payment.    » read more »