Category Archives for "Taxes"

Six Tips for Paying Estimated Taxes

Are you responsible for estimated taxes?  If so, read below! Estimated tax is a method used to pay tax on income that is not subject to withholding. You may need to pay estimated taxes during the year depending on what you do for a living and what type of income you receive.

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Employee Business Expenses

Don’t know what you can write off as an employee business expense – read below. If you itemize deductions and are an employee, you may be able to deduct certain work-related expenses. The IRS has put together the following facts to help you determine which expenses may be deducted as an employee business expense.

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Child and Dependent Care Credit

Ten things you may want to know about the child and dependent care credit!  Read what the IRS wants you to know! If you paid someone to care for your child, spouse, or dependent last year, you may be able to claim the Child and Dependent Care Credit on your federal income tax return. Below are […]

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Free Tax Assistance Available

Read what the IRS reports about free tax assistance! Over 12,000 free tax preparation sites will be open nationwide this year as the Internal Revenue Service continues to expand its partnerships with nonprofit and community organizations providing vital tax preparation services for low- to moderate-income and elderly taxpayers. The IRS Volunteer Income Tax Assistance (VITA) […]

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Taxable or Non-Taxable Income

Do you know what is taxable and non-taxable income?  Find out what the IRS considers non-taxable income in time for filing your taxes! Generally, most income you receive is considered taxable but there are situations when certain types of income are partially taxed or not taxed at all.

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What Are Payroll Taxes?

Payroll taxes are the state and federal taxes that you, as an employer, are required to withhold and/or to pay on behalf of your employees. You are required to withhold state and federal income taxes as well as social security and Medicare taxes from your employees’ wages. You are also required to pay a matching amount of social security and Medicare taxes for your employees and to pay State and Federal unemployment tax.

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