Choosing the Correct Filing Status
When taxpayers file their tax return, it’s important they use the right filing status because it can affect the amount of tax they owe for the year. It may even determine if they must file a tax return at all. Taxpayers should keep in mind that their marital status on Dec. 31 is their status…
IRS Debunks Myths Surrounding Tax Refunds
As millions of people begin filing their tax returns, the Internal Revenue Service reminds taxpayers about some basic tips to keep in mind about refunds. During the early parts of the tax season, taxpayers are anxious to get details about their refunds. In some social media, this can lead to misunderstandings and speculation about refunds….
5 Tips on Whether to File a 2016 Tax Return
Most people file a tax return because they have to. Even if a taxpayer doesn’t have to file, there are times they should. They may be eligible for a tax refund and not know it. Here are five tips on whether to file a tax return:
7 Reasons Taxpayers Should E-file Their Taxes in 2017
Taxpayers who still file paper returns may find now is the best time to switch to e-file. Last year over 85 percent of taxpayers filed their taxes electronically. E-file is the fastest and safest way to file.
What You Need to Know about Taxable and Non-Taxable Income
All income is taxable unless a law specifically says it isn’t. Here are some basic rules you should know to help you file an accurate tax return:
If/Then Chart Explains How the Health Care Law Affects You
As you prepare to file your 2016 tax return, review this chart to see how the health care law affects you.
What is the Additional Medicare Tax and Who Pays It?
Some taxpayers may be required to pay an Additional Medicare Tax if their income exceeds certain limits. Here are some things that you should know about this tax:
IRS Offers Tips on Validating Your Identity on Your Tax Return
You should always keep a copy of your tax return. It is even more important for 2017, as the Internal Revenue Service moves to strengthen its e-signature validation process.
2017 Standard Mileage Rates for Business, Medical and Moving Announced
The Internal Revenue Service issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Employers & Health Coverage Providers: You Have More Time in 2017 to Provide Information Forms to Covered Individuals
The IRS extended the 2017 due date for employers and coverage providers to furnish information statements to individuals. The due dates to file those returns with the IRS are not extended. This chart can help you understand the upcoming deadlines.
