Are You Wondering When Can You File Taxes in 2020?
Now, anyone can get started with early online tax filing and get a head-start on their tax refund. TurboTax and H&R Block will both securely hold and then submit customers’ tax return to the IRS as soon as they begin accepting returns.
There is no … Read the rest
Do you have children or any other dependents in your household? Then the chances are you’ll be eligible to claim the Child Tax Credit.
For the new tax year, this credit is worth up to $2,000. If you qualify, it will reduce your overall income tax bill due to the Federal government.
You may have … Read the rest
Joining the ranks of the self-employed is a dream for so many. But that freedom comes with a certain cost.
Taxes become more complex when you decide to become self-employed. The self-employment tax is your single biggest concern. Today, the self-employment tax is set at 15.3%.
We’re going to show you what you need to … Read the rest
Here’s what you need to know about Medicare taxes.
The Medicare tax is what’s known as a type of payroll tax. It’s paid by both employers and employees, so it’s your responsibility to withhold the correct amount from the salaries of your employees. You also need to make a matching contribution.
The Federal Insurance Contributions … Read the rest