Tag Archive for: internal revenue service
2022 Tax Brackets: How Record-Breaking Inflation Will Affect Your Taxes
With the U.S. experiencing its highest inflation in 30 years, the IRS just announced that it’s adjusting the standard deduction, income tax rates and dozens of other tax provisions for 2022. CLICK ON THE HEADLINE FOR MORE
Child Tax Credit Payments Can Now Be Adjusted for Income Changes (But There’s a Deadline)
If your 2021 income is substantially higher or lower than your 2020 income, that can mean you're getting too much or too little each month from the IRS. However, you can now adjust your monthly child tax credit payments. CLICK ON THE HEADLINE FOR MORE
10 Ways To Reduce Investment Taxes
With sound investment strategies that focus on tax optimization, here are a few ways to help yourself at Uncle Sam's expense. CLICK ON THE HEADLINE FOR MORE
For Gig Workers and Business Owners, Taxes Are Even Trickier Now
Always complicated for freelancers and business owners, tax time this year is especially swampy. Pandemic relief programs that helped small companies and self-employed individuals created new tax challenges. CLICK ON THE HEADLINE FOR MORE
Will You Owe Taxes On Your 2020 Unemployment Checks?
Extemded unemployment benefits provided much-needed relief to 40 million people in 2020, But Americans could be facing hefty tax bills in April if they didn’t realize unemployment benefits are taxable by the federal government and by some states. CLICK ON THE HEADLINE FOR MORE
When, Why & How To Return Stimulus Money To The IRS
There are several circumstances in which the IRS would want you to return a stimulus check you received in error. It's also important for you to know your stimulus check rights and key details about the checks and taxes. CLICK ON THE HEADLINE FOR MORE