Taxes for Dummies
This is a great video explaining the US Government’s progressive tax system for those who don’t understand it! Is it fair that 16% of American taxpayers payed nearly 80% of all federal tax in 2014? Just to have politicians say that the wealthy haven’t payed their “fair share” yet.
Answers to the Most Common Tax Return Questions for 2019
Answers to the Most Common Tax Return Questions for 2019 It’s that time of year when thousands of taxpayers have all kinds of questions. In fact, this year there could be even more questions than normal, thanks to the Tax Cut and Jobs Act. So what do you if you have a lot of questions?…
Why Your Income Taxes Could Rise in 2020
Why Your Income Taxes Could Rise in 2020 Can you believe you might be paying more in taxes in 2020? How is that possible? The Tax Cut and Jobs Act (TCJA) was supposed to reduce nearly everyone’s taxes, right? It’s true that the TCJA did cut federal income taxes for most taxpayers. However, that doesn’t…
Why Are Some Americans Who Underpaid Taxes Getting a Reprieve?
Why Are Some Americans Who Underpaid Taxes Getting a Reprieve? The IRS has a reputation of being somewhat of a stickler when people underpay on their taxes, and with good reason. The agency has earned that reputation over the years, going after what seems like every last penny taxpayers owe. In fact, the IRS even…
Top Reasons to Get Your Taxes Done Early
Top Reasons to Get Your Taxes Done Early The 2019 tax season is set to kick off next week. That means now is not the time to be a procrastinator. Millions of taxpayers hate this time of year. So instead of filing their returns early, they put their taxes in the back of their mind.…