Dan Caplinger
Step 3: Pay any estimated taxes by the original due date of the return An extension of time to file your state income tax return does not also mean an extension to pay any taxes you may owe. If you end up owing owe tax at the end of the year, you may be subject to late-...
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...
You will have to make up the difference if you pay less than what you owe. But if you overpay, then you are due for a refund. To help ensure that come tax time, you do not end up owing money to the IRS, there are things you can do throughout the year. ...
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? What Is a Retirement Annuity? Yes, it's guaranteed retirement income -- but there are several factors to consider. ...
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If the tax withholding on your bonus turns out to be higher than necessary, you might receive a tax refund for overpayment. On the other hand, if too little money was withheld from your income throughout the year, you could wind up owing the IRS. ...
It will also put you at risk of owing more on the car than it is worth for a good portion of the loan term. Cars depreciate rapidly during their first few years of life, and often, the depreciation outpaces how fast you can pay it off. This is referred to as being upside-down or...
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...
Taxable events are transactions that may result in owing taxes to a federal, state, or local government. Taxable events are generally triggered by earning money, taking profits, or selling assets. Taxable events can be triggered by everyday activities, such as getting a paycheck or shopping. ...