IRS Reduces PTIN User Fees

IRS has announced that the cost of applying for or renewing a PTIN in 2024 will be $19.75, reduced from the 2023 fee of $30.75. The cost includes an application or renewal fee of $11.00, plus $8.75 for the third-party contractor administering the program. This change follows from a district court decision in February of this year that IRS PTIN fees were excessive. Get additional details from the Journal of Accountancy.