Since we are in the month of June 2024, the deadline for filing tax returns is already passed which was 15th April, 2024. However, the Internal Revenue Service (IRS) has extended the deadline to file your income tax returns for previous year. The taxpayers who have not file their tax returns yet may utilize the … Read more
Filing taxes can be tough. If you’re stressed, don’t worry! The IRS lets you request more time to file. This can help you avoid errors and fines, even if you’re dealing with complex issues. But more time to file doesn’t mean more time to pay. You need to plan your payments to stay in the … Read more
If you have sold any asset this year, then continue reading this post. When a citizen sells an asset which can be a physical asset like home and car or intangible assets that include stocks, bonds, cryptocurrency and mutual funds, then the capital gains tax will be imposed on the profit made on the sale. … Read more
The Income Tax Withholding Estimator is a subjective parameter for the tax payers on whose behalf the withholder withholds the federal income taxes. The Individuals, Employees and Foreign Persons have to employ separate tax withholding estimators. If you are obliged to pay the federal income taxes, you must check out the Tax Withholding Estimator accessible … Read more
The SSN or a Social Security Number is a 9 digit number provided to the citizens of United States of America in order to track their social security income. The Social Security Administration issues a social security income to the eligible citizens of the country on a monthly basis. The majority of the beneficiaries under … Read more
Are you expecting a federal or state tax return? You can check your tax refund status via IRS’ My Refund Tool but first let’s understand what is a tax refund? The term ‘Tax Refund’ will be defined as a compensation that will be made to a taxpayer for excess amount paid in taxes to state … Read more
Whether you are a retired senior or have any disability, the Social Security Administration (SSA) makes sure that no citizen has to suffer a financial hardship due to high inflation and cost of living. Each month, the eligible citizens including retirees, disabled and survivors and the veterans who served the country during their military service … Read more
What is the best age for you to apply for the Social Security? It is a question that you ask yourself as choosing the age to claim the Social Security benefits can affect your monthly income. Though, the full retirement age to claim Social Security is set by the government and it is 65 but … Read more
A Social Security card is a vital document for various purposes, such as job-related matters and availing government services. If you misplace it or it gets stolen, it’s crucial to get a new one quickly to prevent any complications. Don’t worry if you lose your card; the replacement procedure is simple and doesn’t cost anything. … Read more
If you own and operate a vehicle in the United States of America, then you are eligible to claim a tax deduction for mileage. The Internal Revenue Service (IRS) set the standard mileage rate every year based on the cost of operating a vehicle in the country. However, the standard mileage rate may vary depending … Read more