Tag Archive for: taxable income
Biden’s Proposed 39.6% Top Tax Rate Would Apply At These Income Levels
To help finance his legislative agenda, President Biden wants to raise the top income tax rate for wealthy households to 39.6%, from the current 37%. That rate would affect single individuals with taxable income of more than $452,700 and married couples filing jointly with income over $509,300. CLICK ON THE HEADLINE FOR MORE
May 17th Was Tax Day And The Tax Extension Deadline: What To Know About Filing Late, IRS Penalties
Tax Day was Monday, May 17th! Here are some things to know if you filed an extension. CLICK ON THE HEADLINE FOR MORE
Looking For Deductions On Your Taxes? A Tax Expert Has Some Advice
Looking back in the past year for any chances of deductions? A principal tax research analyst gives some advice on what to expect. 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
Preparing Taxes Sooner Than Later Could Prevent An Unwanted Surprise If You Claimed Unemployment
People who did not and are not withholding taxes from their unemployment checks could be in for a big surprise when they file taxes this year. You could be paying the IRS as much as 25% of your total unemployment payments. CLICK ON THE HEADLINE FOR MORE