What employees need to know about income tax withholding Whether someone is entering the workforce for the first time or changing jobs, filling out new hire paperwork can feel overwhelming. One of the forms employees must complete is a W-4, Employee’s Withholding Certificate. This form tells employers how much money to withhold from the employee’s […]
Business travelers should check out these deductions before hitting the road IRS.GOV Issue Number: Tax Tip 2023-76 Many people travel for their job – some for an occasional conference and some travel year-round. Whatever their time on the road, business travelers should know how and when to deduct business travel expenses. What to know about tax […]
Bob WilliamsFriday, May 05, 2023 Time Running Out to Claim Tax Year 2019 Refunds The Internal Revenue Service says it has almost $1.5 billion in leftover tax refunds for 2019 taxpayers who haven’t filed—but the time remaining to claim this money is slipping away. According to the agency, as many as 1.5 million taxpayers could […]
People should know if their pastime is a hobby or a business IRS Tax Tip 2022-106 From collecting stamps and woodworking to crafting and quilting, people have all kinds of hobbies – and most of these hobbies will never turn a profit. For hobbies that do earn income, people should know that they must report […]
7 MIN READ | JUN 23, 2022By Ramsey Solutions What to Do If You’re Running Out of Money 7 MIN READ | JUN 23, 2022 ByRamsey Solutions It’s the end of the month, and you’re out of money—again. Ugh. It’s a hopeless feeling knowing you’ll have to pay some bills late and scrounge around in the […]
The summer wedding season is fast approaching. Wedding planning is often overwhelming but figuring out how marriage will affect a couple’s tax situation doesn’t have to be. Here are a few things couples should think about as they prepare for the big day. Name and address changesPeople who change their name after marriage should report […]
I join Barbie Famiglietti on A Mommy and a Mic and talk about 10 ways to save money. Hope you’ll find some useful tips. Click HERE to hear some money saving tips
NOT HAVING THIS INFORMATION COULD DELAY YOUR RETURN 2021 Child Tax Credit Payments In 2021 the federal government issued advanced Child Tax Credit payments to eligible taxpayers based on information from 2020 tax returns. It is the taxpayer’s responsibility to provide documentation of the amount of any advanced Child Tax Credit payments issued. Acceptable documentation: […]
What taxpayers can do now to get ready to file taxes in 2022 There are steps people, including those who received stimulus payments or advance child tax credit payments, can take now to make sure theirtax filingexperience goes smoothly in 2022. They can start by visiting theGet Ready pageon IRS.gov. Here are some other things […]