When you’re doing your income taxes, you will require a number of forms and probably the most significant one is the W2 form.
Every business that you were employed at in the course of the previous year is liable for supplying you with a W-2, which must be sent by January 31 of the current … Read the rest
By now, you’ve probably gotten taxes out of the way for the 2016 tax season. However, if you want to be a financially conscious person you should already be preparing for the 2017 tax filing season.
If you are expecting a tax refund, you probably want to know just how much of a refund you … Read the rest
How Much do You Get Back in Taxes for a Child?
The child tax credit for 2016 is worth up to $1,000 per child that is under 17. To be eligible to claim this credit your child or dependent must first pass all of the following tests:
- Must be 16 or younger on the last
… Read the rest
Are you aware that there are a few different kinds of IRS form 1040 and instructions? It’s best to know which income tax form suits with your specific circumstance and lets you declare the earnings, deductions, credits, etc. that relate to you.
The Most Common 1040 Forms and Instructions:
- IRS Tax Form 1040 (Individual Income
… Read the rest
Some taxpayers may experience a delay in receiving tax refunds in 2017. This is for tax returns due by April 15, 2017. Part of the reason for the schedule delay is a new tax law that goes into effect in 2017.
Quoted from an IRS press release, John Koskinen, IRS Commissioner said, “We don’t want … Read the rest