With cases of tax related identity theft becoming more common, it can be hard to know if the phone call, e-mail, or letter you received about your Iowa taxes is actually from the Iowa Department of Revenue. Here are some important facts to help you figure it out: The department does not initiate contact with taxpayers by e-mail to request personal or financial information. This includes any type of electronic communication, such as text messages and social media. The Iowa Dep

Getting a letter from the IRS can be unnerving, but it isn’t always a reason to worry. Here are some things the IRS says you need to know if you do receive that letter. Don’t panic. You can usually deal with a notice with a simple response. Most IRS notices are about federal tax returns or tax accounts. Each notice has specific instructions, so read your notice carefully because it will tell you what you need to do. Your notice will likely be about changes to your account, ta

If you have an HSA account, here are some important changes you need to know about for 2017. The IRS has provided the annual inflation-adjusted contribution, deductible, and out-of-pocket expense limits for 2017 for health savings accounts (HSAs). For calendar year 2017, the limitation on deductions is $3,400 (up from $3,350 for 2016) for an individual with self-only coverage. It's $6,750 (no change from 2016) for an individual with family coverage under a HDHP. Each of these