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Social Security Income May Be Taxable
If you receive Social Security and depending on your total income, you may need to pay federal income tax on Social Security benefits. Potentially taxable
If you receive Social Security and depending on your total income, you may need to pay federal income tax on Social Security benefits. Potentially taxable
April 15 is traditionally tax deadline day for the Internal Revenue Service. That’s not the case in 2022, however, and the change has to do
The IRS recently highlighted revised eligibility rules for the Earned Income Credit. While many of the changes apply only for tax year 2021, several new
The IRS recently highlighted special 2021 rules for the credit that significantly increases the number of Americans eligible to claim the EITC. If you have
If you’re claiming the Earned Income Tax Credit or Additional Child Tax Credit, both of which are refundable credits, your refund will be released by
As a result of pandemic-related issues, the IRS has a backlog of millions of original and amended 2020 and 2019 tax returns awaiting processing. This
Millions of Americans received unemployment insurance (UI) benefits in 2021 due to pandemic-related business cutbacks and shutdowns. Unfortunately, scammers took advantage of this situation to
Many taxpayers will receive year-end income statements from employers, banks, stock issuers and other sources in January and early February. Make sure to save each
If you are an online retailer and accept credit card payments over the Internet, you may also have to deal with reporting any 1099-K forms
The IRS is trying to cut down on paperwork as it sifts through a pile of unprocessed returns and mail. The IRS says it’s going
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