taxes of $2,240) and state income tax was $1,500. When I entered this info intoTurboTaxget a free refund estimate before filing, both of them showed my federal refund at $47. However two years ago I made much less (around $22,000) and my return was almost $2000. What is going ...
To avoid owing the IRS, focus on being self-motivated and educate yourself on your tax reporting and payment obligations. If you are ever unsure about your tax reporting and payment obligations, hire a tax attorney or a professional tax preparer. Contacting the IRS directly for information is n...
If you liveoutside of Idahobut your income comes from the Gem State, you only need to file your 2024 return if yourIdaho-based incomeis more than $2,500. Let's say that you moved to Idaho at some point in 2024. You only need to count the income earned as anIdaho resident. If th...
I turn 50 this year (2024.) If I want to spend $29,200 per year (the 2024 standard deduction for MFJ) from retirement accounts starting as soon as possible, I can do a Roth conversion of that amount in 2024. After the conversion has seasoned for 5 years (2029), I can make a ta...
Owing to multiple features and functionalities, maintaining a WordPress website, be it a blog or a full-fledged eCommerce website, is a piece of cake. WordPress is ever-evolving with developers continuously testing and enhancing its various components, thus providing you with the best resources ...
Helping to pay estate taxes is one of the many reasons to buy life insurance. As of 2014, individuals may have an estate valued up to $5,340,000 without owing federal estate tax upon death. Anything over that exclusion amount is taxed at a 40 percent rate. The exclusion is double for...