Professional Tax in Maharashtra: Know more about professional tax payment in maharashtra, slab rates, how to pay, due dates, exemption from it and other important details.
How to Choose a Tax Professional More Getty Images The first step to finding the best tax professional is to identify what services you need. Key Takeaways Some people have basic tax returns, while others may need a preparer who can handle complex tax situations; identify your needs before yo...
If you’re a professional gambler, you can file Schedule C as a self-employed individual. This allows you to deduct costs associated with your gambling activity, including meals and travel expenses. However, it also means you’ll have to pay self-employment tax on your net income f...
Calculating taxes on investments involves downloading tax forms from your broker and grasping various investment tax rates.
Not subject to RMD rules for nonqualified assets After-tax *The change in the RMD age requirement from 72 to 73 only applies to individuals who turn 73 on or after January 1, 2023. Please consult with your tax professional regarding the impact of this change on future RMDs. **Issuing ...
It also has a few added tax requirements. You have to pay taxes quarterly instead of with each paycheck as a W-2 employee would. Keep reading to learn answers to questions like, "Who has to pay quarterly taxes?" "When are quarterly taxes due?" and "How do I pay quarterly taxes?" ...
Did you start a side gig in 2023? Whether you lost your traditional job or you simply wanted to earn some extra cash, side gigs tend to complicate yourtax filinga bit. The IRS has refined its rules for gig workers over the years. But obviously, the IRS still wants you to pay taxes ...
Hub Taxes How to Calculate Withholding Tax (4 Easy Steps) March 26, 2025Small businesses need to understand how to calculate federal income tax withholding to withhold the correct amount of federal taxes from their employee paychecks. Employers report and pay these taxes to the U.S. Treasury ...
Each pay period, you must deduct 6.2% for Social Security tax (until the wage base is met) and 1.45% for Medicare tax. You’re also required to match these deductions, which brings the total FICA tax per employee to 15.3%. Federal Unemployment Tax Act (FUTA) Most employers contribute to...
How do you find the best tax preparer near you with the credentials you want? One way is to search the IRS’ directory. It includes preparers with PTINs and IRS-recognized professional credentials. Volunteer preparers and preparers with just PTINs won’t be in the database. A PTIN is ...