Taxes

Article Highlights: Filing Thresholds Tax Withholding Tax Credits Earned Income Tax Credit Child Tax Credit American Opportunity Tax Credit Generally, individuals are required to file a tax return for a year if their income exceeds the standard deduction for their filing status for that year.

Article Highlights: Pay-as-You-Earn System Withholding and Payment Forms IRS On-line Withholding Estimator Situations Triggering Underpayments Safe Harbor Payments True Safe Harbor Under federal law, taxpayers must pay taxes during the year as they earn or receive income, or they can find themselves falling victim to

Article Highlights: Required Minimum Distributions (RMD) Excess Accumulation Penalty Military Spouse Retirement Plan Participation Clean Vehicle Credit Credit For Previously Owned Clean Vehicles Early Distribution Penalty Exceptions Credit For Energy Efficient Home Modifications Home Solar Energy Credit Credit For Small Employer Pension Plan Startup Costs

Article Highlights: What is Filing Status? When is One Required To File? What is AGI? Which is Better, Itemized Deductions or the Standard Deduction? What is a Tax Write-Off? How is Taxable Income Determined? What is the Difference Between the Graduated Tax Rates and the

April 2023 Individual Due Dates Disaster Area Extensions: Please note that when a geographical area is designated as a disaster area, due dates will be extended. For more information whether an area has been designated a disaster area and the filing extension dates visit the

Article Highlights: Contribution Due Date Age Rules Compensation Rules When To Contribute Contribution Limits Deductibility & Benefits Saver’s Credit Choosing Between Traditional & Roth IRAs Most of the time an expense that may be tax deductible needs to be paid by the end of the

When it comes to income taxes, every profession has its own unique quirks to deal with. A standard employee with one W2 has it fairly easy, while things get more complicated once you enter the world of self-employment. Things grow even more difficult once you

If you were laid off from your job at some point in the last year, at least take comfort in the fact that you are not alone. In 2022 alone, there were approximately 15.4 million layoffs in the United States as per one recent study.

Article Highlights: Filing Due Date Disaster Area Filing Due Dates Extensions Balance-Due Payments Contributions to Roth or Traditional IRAs Individual Refund Claims for the 2019 Tax Year If There is Still Missing Information As a reminder to those who have not yet filed their 2022

One of the most important ideas at the heart of successful investing involves the idea that everything you do needs to begin with a plan. What, exactly, do you hope to accomplish? Where do you see yourself in a year? Five years? Ten years? How