How the IRS Calculates Your Income Tax
The U.S. tax system and codes are rather complex to understand. When calculating the amount of federal income tax you owe, the IRS goes through several steps, such as excluding certain items from your income, applying the current tax brackets, and making adjustments for any tax credits you may qualify for. With the broad concept […]
How To Prepare For Tax Season 2019: It’s Easier Than You Might Think!
Right now is the time to take down Christmas decorations and to get back in the groove of things. Once the month of January comes to a close, employers all across the United States would’ve sent out the W-2s to their employees, thus heralding the upcoming tax season. Perhaps you haven’t thought about tax season […]