The final tax filing deadline for 2024 taxes has passed, but what many taxpayers may not realize is that April 15 isn't just the deadline for filing a return. It's also the deadline to pay any tax debt owed to the Internal Revenue Service (IRS). If you've discovered you owe more...
Things don't always go as planned when it comes to filing your tax returns and paying your taxes on time. Even if you have the best intentions, you might face an IRS tax penalty for underestimating your quarterly payments, missing a tax filing deadline, or bouncing a che...
If you're an employee, your employer typically withholds taxes from every paycheck and sends the money to the IRS, and probably to your state government as well. This way you pay your income taxes as you go. And, if you're like most wage earners, you get a nice refund at...
Direct File is the IRS free tax preparation software program that qualified users can access to prepare and file their federal income taxes. Erica SandbergApril 8, 2025 Lifetime Learning Credit Tax Break Here's how to take advantage of this flexible tax credit for education that's...
How to Make a Payment on a Military Star Card Personal Finance How to Write a Check to Pay Federal Income Tax Consider Also:E-Filing: How to File Your Taxes Electronically, IRS Free File & More Using the IRS's EFTPS.gov
File your taxes, even if you need an extension Inaction is your enemy when you owe money to the IRS. Ignoring the problem will only make matters worse. "Make sure to file your tax return on time, even if you can't pay the full amount," says Paul Miller, CPA and founder of accounti...
A good way to check to make sure you're withholding enough is through the IRS'sTax Withholding Estimator. READ: 15 Tax Questions Answered. When Should I Increase My Withholding? If you owe taxes at the end of the year, consider increasing your withholding. ...
In particular, your choice of cost basis method can have a significant effect on the computation of capital gains and losses and significantly impact the taxes owed on those investments. The Current Tax Rates The current rates, instituted by the Tax Cuts and Jobs Act, are intended to stay in...
You can prepare your federal taxes the old-fashioned way, by downloading and printing theforms on the IRS websiteand mailing the completed return back to the IRS (along with a check if you owe a payment). Another option is to fill out the forms online and submit the return electronically...
The IRS hasstated that e-filed returnsare more accurate and they avoid processing delays and speed up refund delivery. Despite this, roughly 10% of the population still chooses to file taxes the old-fashioned way: through the mail. Regardless of your preference for filing your taxes, the basi...