Itemize or Choose the Standard Deduction Most taxpayers claim the standard deduction when they file their federal tax return. However, some filers may be able
Tag: irs
Where’s My Refund – Contacting the IRS about Refunds for Held Up Returns
Where’s My Refund for Held Up Tax Returns “Where’s My Refund?” will be updated on Feb. 18 for the vast majority of early filers who
Fourth Quarter Estimated Taxes Due Jan 17th
What are Estimated Taxes? Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment,
How to Report Gambling Income and Losses on Your Tax Return
Six Tips on Gambling Income and Losses Whether you roll the dice, play cards or bet on the ponies, all your winnings are taxable. The
Adjusting Your Income Tax Withholdings to Receive More Money During the Year
Change Withholding Check your year-to-date withholding and consider changing the taxes withheld if you are expecting a large refund. This is especially important if you are
Delayed Refunds for Tax Year 2016 Due to IRS Identity Theft Precautions
Refunds for Returns with EITC or ACTC Delayed The PATH Act of 2015 requires the IRS to hold 2016 refunds claiming the Earned Income Tax Credit
Explaining the Health Care Law and How it Affects You
Health Care Law If/Then Chart As you prepare to file your 2016 tax return, review this chart to see how the health care law affects you.
Low to Middle Income Taxpayer Saver’s (Retirement) Credit
Retirement Savings Contributions Credit As the tax filing season approaches, the Internal Revenue Service reminds low- and moderate-income workers that they can take steps now
Determine if You’re Eligible for a Health Care Exemption or Have to Pay a Shared Responsibility Payment
Health Coverage Options With the 2017 tax filing season approaching, it’s not too early to think about how the health care law affects your taxes.
Filing an Amended Tax Return
IRS Summertime Tax Tip 2016-02 You may discover you made a mistake on your tax return. You can file an amended return if you need