Archive | taxes

Can You Really Prepay Your Taxes?

In the third presidential debate, Donald Trump shrugged off his $750 tax payment from 2016 by saying he paid “millions and millions of dollars” in taxes “in advance.” And that $750? Merely a “filing fee.” Fact-check of that specific claim aside, can you actually prepay your federal income taxes? Yes, you can—but you…Read more… Continue […]

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Can You Really Prepay Your Taxes?

In the third presidential debate, Donald Trump shrugged off his $750 tax payment from 2016 by saying he paid “millions and millions of dollars” in taxes “in advance.” And that $750? Merely a “filing fee.” Fact-check of that specific claim aside, can you actually prepay your federal income taxes? Yes, you can—but you…Read more… Continue […]

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You Can Still Get a Stimulus Check If You’re a Low-Income Earner

If you have yet to receive your coronavirus stimulus check, there may still be time. The IRS has extended the deadline to apply for one until Nov. 21 for “non-filers”—typically low-income earners or those with prolonged unemployment below the income threshold required to file a tax return. According to the IRS,…Read more… Continue Reading at […]

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What to Do if You Can’t Opt Out of This Year’s Payroll Tax Deferral

Last month, Trump announced a new payroll tax deferral that puts a temporary pause on part of the taxes employees pay. The controversial order started on September 1 and says companies may stop collecting the 6.2% tax employees pay for Social Security. While many companies have already opted out, some employees don’t…Read more… Continue Reading […]

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What to Do if You Receive an Unpaid Notice From the IRS

When coronavirus began sweeping the nation, many offices were forced to shut down, including government agencies like the IRS. These closures led to processing delays, particularly with paper tax returns. As CNBC reports, the agency’s offices had 12 million pieces of unopened mail this summer—which included tax…Read more… Continue Reading at https://lifehacker.com

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Get a Real Person on the Phone for Stimulus Check Questions

If you’re one of the many Americans still waiting for a stimulus check, the constant media updates about a possible second payment can be particularly frustrating. While it’s possible to track the status of your stimulus payment through the IRS online portal, many complain it’s still missing information. And the…Read more… Continue Reading at https://lifehacker.com

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How the New Payroll Tax Deferral Will Affect You

As Congress continues to debate the next stimulus package, President Donald Trump made headlines by signing four executive orders on Saturday. One of these orders, a memorandum on payroll tax deferrals, has left many employers scratching their heads on how it will work—and the impact it will have on their employees.Read more… Continue Reading at […]

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The Best Time to Get Married, Depending On Your Taxes

You’d have to be a very practical person to schedule your wedding around taxes, but most people do think about the financial benefits of marriage before they tie the knot. Your timing can affect how much you pay the IRS—and it’s helpful to understand the impact marriage has on your taxes so you’re not surprised […]

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The Best Time to Get Married, Depending On Your Taxes

You’d have to be a very practical person to schedule your wedding around taxes, but most people do think about the financial benefits of marriage before they tie the knot. Your timing can affect how much you pay the IRS—and it’s helpful to understand the impact marriage has on your taxes so you’re not surprised […]

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