Adjusting your withholding will ensure that you don't have too much (or too little) federal income tax withheld from your paycheck. Use Form W-4 to let your employer know how much you want them to withhold.
You will learn who pays taxes, how corporate taxes work, and what exactly state and federal governments do with all that money. The topic of this book will be how to file your taxes and what options you have after that. This book will also discuss why some individuals pay more taxes tha...
There are worse things than owing taxes. One of them is losing money or keeping it in something that doesn’t go up in value. Give stock that has gone up in value to charity. If you’re an itemizer, donating stock to charity gives you a tax deduction for the amount it’s worth now...
The exception to this rule is if your bonus can qualify as an employee achievement award. You might be able to avoid paying federal income taxes under the following conditions: The award isn’t cash, a cash equivalent (such as a gift card or money order) tickets to events, vacations, sto...
Retirement Planning: How to Map Out Your Financial Success Learn how, why, and how much to save for your golden years. How Much Do I Need to Retire Comfortably? The end of work doesn't mean the bills stop. How much should you save for a great retirement?
We'll make it easy for you to figure out if you have to pay estimated taxes and if so, how much.
The gift tax is a federal tax on transfers of money or property to other people who are getting nothing or less than full value in return. Two factors determine how much you can give away before owing taxes on the gifted amount: the annual gift tax limit and the lifetime gift tax limit...
Some specialized refinance programs are designed to help homeowners in this situation, especially for those with government loans. FHA Streamline refinance If you already have aFederal Housing Administration (FHA) loan, an FHA Streamline refinance may make sense. “Streamline” refers to the limited ...
If your employer isn't withholding enough, you will end up owing money to the IRS when you file your taxes in April. To avoid this, you will need to have additional tax withheld from each paycheck. The W-4 form has a place to indicate the amount of additional tax that you would like...
Federal Income Tax Guide elenaleonova / Getty Images Making mistakes on your tax return can cost you money. You may miss out on alarger refundthan you claimed or wind up owing more taxes plus interest and penalties. You could invite anauditfrom theInternal Revenue Service (IRS). The best ...