Those who cannot withhold federal taxes from each paycheck must pay taxes quarterly.United States income tax operates on a pay-as-you-go system, in which the federal government collects...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/11/2021
The amount estimated to be donated by the average taxpayer in the U.S. sums up to at least $500 per month. According to the research done on the subject in 2017, there were over 37...
Posted by Pat Raskob on 10/30/2021
Whenever you see a dollar from a lottery win, please remember that the IRS has taken its 25%. Up to 13% can be withheld in local and state taxes (depending on where you live). However,...
Posted by Pat Raskob on 09/30/2021
Some years, Congress changed the rules facing investors. In other years, the economy has the final say in rethinking the best investment plans. At the same time, the personal situation...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/06/2021
A tax credit allows you to deduct a certain amount of money from the taxes you owe. It differs from a tax deduction, which allows you to reduce your taxable income. Tax credits are...
Posted by Rosovich & Associates, Inc. on 06/24/2021
Sports betting and gambling is a two-edged sword – fun or depressing depending on your outcome. On top of that, gamblers have to deal with the complication of taxes as Uncle...
Posted by Pat Raskob on 06/06/2021
No one loves the idea of giving Uncle Sam the hard-earned money. However, it is horrible to leave a tax deduction that could bring down your tax bill due to ignorance. As a result,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/30/2021
Tax is one of the surest things on earth, and it's never too early to work on it. Unfortunately, people in the twenty-something age bracket who struggle to get on their feet can...
Posted by Taxes Made EZ Inc on 05/30/2021
Uncle Sam issued tens of millions of tax refunds every year, and every taxpayer gets an average of $2,500 tax payment. If you know how to play it well, there could be bigger tax...