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Drake Software blog for tax pros, covering tax, IRS news, and more

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IRS Highlights the Credit for Other Dependents

Ryan Norton - March 04, 2020
IRS Highlights the Credit for Other Dependents

The IRS is continuing its taxpayer-education outreach by highlighting the Credit for Other Dependents in a recent press release.…

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Armed Forces Members Reminded They Get Special Breaks at Tax Time

Bob Williams - November 11, 2016
Armed Forces Members Reminded They Get Special Breaks at Tax Time

It’s time once again to honor our veterans, those men and women who have defended our American way of life all over the globe. That’s a big job, and giving service members special breaks on their taxes is one of the ways we as a nation say "thank you."…

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Tax Breaks for U.S. Military

Bob Williams - July 18, 2016

Members of the U.S. Armed Forces deserve the thanks of the nation for their service, and one small way we can show our thanks is by giving those who serve a small measure of tax relief.In some cases,…

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Permanent Charity Tax Breaks Face White House Veto

admin taxing_subjects - December 11, 2014
Permanent Charity Tax Breaks Face White House Veto

An $11 billion bill that would permanently restore expired tax breaks for donations of food, charitable contributions from certain retirement accounts and for land conservation faced a sudden setback…

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