For many people, 2024 has been a challenging year for financial and tax planning. Here's everything you need to know to complete your taxes accurately and efficiently this year.
while you pay the other half. But when you’re self-employed, you are on the hook for all of it since you’re both the employer and the employee. Don’t worry, though — you can claim 50% of the self-employment taxes you owe as a tax deduction. TaxAct can help you claim...
When to file taxes yourself or get helpYour tax-filing options explained.Fidelity Smart Money Key takeaways Options for filing taxes include getting free help from the IRS, paying for tax software, or hiring a pro. Whether you go solo or with a tax pro, the IRS says you'll get a ...
Ways to e-pay your taxes — If you owe taxes, paying Uncle Sam electronically is a fast and easy way to go. Most who e-pay the Internal Revenue Service do so via credit or debit card. But there are other electronic ways to pay your tax bill. Here are six options. (Feb. 10, 202...
When you owe taxes, delaying the dreaded task of filing can mean hundreds of dollars in extra penalties. If you expect to owe money and haven't filed yet, here are the different penalties and fees that could be in store — and ways to reduce them. ...
Hello, I’m Nick from TurboTax with four tax tips that can help when filing for multiple jobs. Tip #1:You may find you owe more than you thought, so to be on the safe side, it’s always good to put a little extra money aside to prepare. The taxes withheld from your paych...
The benefits of the single tax filing status is that if you earn a lot, you could owe less taxes. When you get into the highest tax brackets, you might wind up in a higher tax bracket as a married couple faster than as a single taxpayer. This is known as the marriage tax penalt...
How – and how much – people and corporations pay in taxes is expected to change under Trump. Erica SandbergJan. 28, 2025 Airport Costs to Splurge On and Avoid When done right, airport spending can make your travel experience far better. ...
The IRS reviews your report, compares it to the information they have, and either sends you a bill for extra taxes you owe or a refund for the taxes you overpaid. If you work for an employer, they should automatically withhold your state and federal income taxes, as well as social ...
Check to find out if taking the standard deduction is better for you financially than itemizing your deductions. Take every write-off to which you're legitimately entitled. Tell the IRS how you want to receive your refund or be sure to pay your bill correctly if you owe taxes so the payme...