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Jan
18
Take advantage of these often missed tax deductions and credits to get more money back in your pocket. By Lisa Greene-Lewis,Money The standard deduction may be less hassle, but you may get a bigger refund if you itemize. (iStockPhoto) Refund season is in full swing. This is the time the majority of taxpayers are filing their taxes […]
Jan
12
Forbes Representing a major tax-overhaul, the bill makes significant changes to the federal income tax brackets and deductions. Let’s look at both, starting with the 2018 income tax brackets. 2018 Income Tax Brackets Rate Individuals Married Filing Jointly 10% Up to $9,525 Up to $19,050 12% $9,526 to $38,700 $19,051 to $77,400 22% 38,701 to $82,500 $77,401 […]
Apr
7
Topic 154 – Form W-2 and Form 1099-R (What to Do if Incorrect or Not Received) If your Form W-2 (PDF), Wage and Tax Statement, and/or Form 1099-R (PDF), Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., aren’t available to you by January 31, 2017, or if your information is incorrect […]
Apr
7
IRS Tax Tip When tax season is in full swing, the Internal Revenue Service receives millions of calls and thousands of taxpayer visits daily. For faster service, avoid peak times like Monday and Friday mornings when wait times are usually longest. Better yet, get the help you need online 24/7 without delay at IRS.gov. The […]
Apr
7
By Intuit I know the IRS phone number is 800-829-1040, but how to you get someone to actually answer the line? I filed my taxes is February 7th and I still have not received my refund. Every time I check the status of my taxes on irs. Gov with verification I get a message saying “No […]
Mar
7
Michelle Fabio, Esq. In 2007, 1.38 million taxpayers got the dreaded audit notice from the Internal Revenue Service (IRS). That was 90,000 more taxpayer audits than in the previous year. How can you avoid being one of those people this year? Here are 10 ways to avoid a tax audit: 1. Understand the selection process. […]
Jan
29
There are still ways to minimize your tax bill before Tax Day. It’s officially tax time – a time to look back over the previous year with an eye toward maximizing deductions and tax credits and lowering your tax burden. Tax experts shared their top 10 simple and proven methods of reducing tax bills this year: […]
Jan
19
There is something deeply satisfying about receiving a big, fat refund from the IRS. Your boss withholds a big slice of your paycheck each month for federal and state income taxes, and now is your chance to get some of that cash back. If your goal is to get the biggest tax refund possible, follow […]