Certain home improvements and children’s activities during summer may qualify for tax credits. Energy-efficient home upgrades such as solar water heaters, energy-efficient windows, and AC units may be eligible for clean energy or energy efficiency tax credits. Additionally, parents who pay for summer day camps or childcare may qualify for the Child and Dependent Care Credit. A tax professional can help determine eligibility for these credits and document expenses properly. Home Energy Credits: IRS Home Energy Tax Credits.

The IRS warns about scammers impersonating IRS, Social Security, and Medicare representatives via phone, email, text, and social media. Common tactics include fake tax debts, false prize claims, threats of arrest, and urgent payment demands via gift cards, cryptocurrency, or wire transfers. The IRS does not contact taxpayers by email, text, or social media regarding bills or refunds. If unsure about a call or message, hang up and contact the IRS directly at 800-829-1040.

July 10: Employees who earned $20+ in tips in June must report them to employers. July 15: Payroll tax and nonpayroll withholding deposits due for June. July 31: Employers must file Form 5500 for employee benefit plans and deposit FUTA tax if over $500. Employers must also file Form 941 for Q2 payroll taxes.