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How to update form W-4. Taxpayers should review their withholdings at least annually to avoid surprises during tax time. “My office typically sees one client each week that is not withholding ...
Crunching your pay stub numbers on the withholding calculator from the IRS is a good start to head off an unexpected tax bill next April, but it might not be enough.
The IRS website warns taxpayers that if you are filing with an Earned Income Tax Credit or an Additional Child Tax Credit, your refund cannot be issued before mid-February.
Given the looming possible end of the 2017 tax cuts, taxpayers might be looking for ways to prevent being hit with a tax bill again next year. To protect yourself, the IRS’s Tax Withholding ...
Getting a tax refund advance or a refund anticipation loan through a tax preparation service might seem like a quick and easy way to get funds, but as experts warn, these types of loans come with ...
The Internal Revenue Service, in an alert, said a series of tax scams and inaccurate social media advice had led thousands of taxpayers to artificially inflate their refund claims. The bad advice ...
Prior to 2020, you would select a withholding number that made the most sense for your tax situation. Since the Tax Cut and Jobs Act of 2017, however, the IRS did away with that process for a ...
Further, many taxpayers qualify for free assistance from preparers certified by the IRS. "Many taxpayers get their refunds from the IRS in 10 to 21 days," the CFPB advises. "Waiting a week or two ...