Recent News from the IRS

Maximum Amount of Earnings Subject to the Social Security Tax Increases for 2008

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The Social Security Administration recently announced that the maximum amount of earnings subject to the Social Security tax will increase to $102,000 from $97,500 for 2008.

Tax Tips for Direct Sellers

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The IRS recently issued tax tips for direct sellers. A new fact sheet is designed to help direct sellers better understand the rules so they can get the most out of their deductions and pay their fair share of taxes.

Tax Relief for Southern California Wildfire Victims

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The IRS has granted disaster relief for victims of the Southern California wildfires.

Related Link:

• Help for California Wildfire Victims