When tax season comes around it is not uncommon for you to wonder when your W-2 is going to arrive, so you can get your taxes filed as quickly as possible. Employers are supposed to have your W-2s in the mail no later than January 31st.
The W-2 is where your annual wages … Read the rest
The IRS may not have issued their 2015 Refund Cycle Chart, but there are plenty of them spread throughout the web. However, they are composed of estimates based on trends from previous years. Usually, they are based on how you opted to get your refund – check or direct deposit.
When looking at tax refund … Read the rest
Many US taxpayers look forward to receiving their tax refunds during the tax season. However, if you have never prepared your own tax return, it can be mysterious as to how the refund amount you receive is determined. The good news is the process is easy.
Once your taxable income has been determined, a tax … Read the rest
One of the top questions that taxpayer’s research from the middle of February until April 15 is when they will receive their income tax refund. This answer depends on a few things; however, the good news is there are numerous tools that can assist you with an estimation date.
First, if you file your tax … Read the rest
Sometimes employers may provide you with an incorrect W-2 and later they have to go back and fix something, which results in them sending you a W-2C.
Reasons to Receive a Correct W-2
There are numerous reasons that you may receive a corrected W-2. Some of the most common reasons include, but are not limited … Read the rest
For those of you that didn’t know, there was a $1,000 Child Tax Credit that was developed from the Bush tax cuts. This $1,000 credit was supposed to expire at the end of the 2012 calendar year. However, it has actually been extended!
This is obviously very good news for all of us with children. … Read the rest
Tax deductions make it so you can decrease your taxable income amount. They are calculated by using a percentage of your marginal tax bracket. For example, let’s say you fall in the 25% tax bracket, if you received $1000 in tax deductions you would be saving $250 in tax (0.25 x $1000-$250).
Since tax … Read the rest