Yikes! I Owe the IRS $5,443 by April 15doi:urn:uuid:ac2c86c91167c410VgnVCM100000d7c1a8c0RCRDFreelance income can vary tremendously, and so can taxes due. If you're in the fortunate position of having a growing income, what should you do?Nicole Dieker...
Each year, the IRS announces changes to certain tax breaks, like refunds and deductions, and it's possible this year's adjustments could affect you. 1. Marginal tax rate brackets changed Whether your income went north or south—or even stayed the same—the rate at which your income is ta...
Short of earning less money or having another child, there aren't many good - legal - ways to lower your taxes. However, you're not out of options yet. Lowering your tax bill will likely require you to make contributions elsewhere. However, you can use those contributions for other things...
If you finish your tax return and are confused as to why you need to send the IRS a check, there is only one possible explanation for this: you paid less tax during the year than you owed for your income level. Watch this video to find out more about why you may owe money of ...
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Reason 1: Money Money is the first thing associated with an IRS notice. Everyone’s first question is:“Do I owe money?” or “Has my refund been reduced?”The IRS does send out notices regarding a balance being due. However, it can also be notifying yo...
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