Make a payment of your estimated tax for 2023 if you didn’t pay your income tax for the year through withholding (or didn’t pay in enough tax that way). Use […]
Tag: IRS
Is Your Withholding Correct?
All year long, employers withhold income tax from the paychecks of their employees. Each paycheck is distributed to you after your employer has taken out a portion of your paycheck […]
What Taxes Do Businesses Have To Pay?
If you’re running a business, you’re on the hook for a variety of taxes. Let’s take a look at the main categories: Income tax — All businesses except partnerships must […]
IRS Changes Mileage Rates for New Year
According to an IRS statement, starting in 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: These rates apply to […]
What Employees Need To Know About Income Tax Withholding
Workers who are considered employees do not have to pay their own taxes during the year. Instead, employers withhold income tax from their employees’ paychecks and pay it to the […]