Oct
21
For any taxpayer filing early, the question is when can they expect to see their tax refund. A lot of Americans rely on their annual tax fund to cover a range of expenses.
In the beginning, it was nearly impossible to predict because you had to mail in your return and then wait for the … Read the rest
Oct
18
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
Aug
30
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
Aug
28
Anyone with a job will see a Social Security tax added to their paychecks. This payroll tax amounts to 6.2% of whatever you earned. The money goes directly towards funding the Social Security program.
Self-employed individuals pay double this amount because they must cover both the employee and employer parts of the tax. However, half … Read the rest
Aug
26
Filing your taxes is never easy. Tax preparation services, on the other hand, make it easy for you to handle your tax affairs without worrying about getting it wrong and dealing with an IRS audit, along with any associated penalties levied.
The way it works is that taxpayers can choose from several online tax filing … Read the rest
