Often, they go to TurboTax, which offers free tax filing services for its customers. However, Intuit, the owner of TurboTax, has been ordered to pay $141 million to its customers who used their services to file their income tax returns from 2016 to 2018.
by Sheena AllenThe Internal Revenue Service (IRS) has begun giving out tax refunds, with 22 million already receiving their money, with the average recipient receiving $3,536. Here are some ways to help expedite the process of receiving a tax refund.
by Viviana VazquezWith the current tax season underway, now is the time to receive a refund from the Internal Revenue Service (IRS) for tax returns made regarding the prior year's income. Last year, the average tax refund amounted to $2,800 for individuals and families.
by Matin VarshochiThe Internal Revenue Service (IRS) announced that it would begin this year’s tax filing season on Monday, January 24, 2022.
by Nailah HerbertThe current $3,600 Child Tax Credit payment will be expiring at the end of the year if Congress does not renew it. The tax credit could potentially return to $1,000 by 2025. If you wish to receive Child Tax Credit payments, you can apply one of two ways.
by Matin VarshochiPayroll withholding is when a portion of your income is not included in your take-home pay. Instead, the money taken out of your paycheck is directed towards paying federal, state, or local tax authorities.
by Viviana VazquezThe Child Tax Credit is a tax refund program offered by the government to help offset some childcare-related costs for parents. Parents will receive $3,600 per child under the age of six and a total of $3,000 per child ages six (6) through seventeen.
by Sheena AllenThe Child Tax Credit, also referred to as CTC, is a tax credit for parents and caregivers to claim on their taxes to help reduce their overall tax bill.
by Viviana VazquezThere has been much confusion around whether unemployment benefits under the CARES Act are taxable or not. As an unfortunate surprise to many, the unemployment benefits are indeed taxable.
by CapWayThe spread of COVID-19 in the United States has put millions of people out of work and has more than 17 million Americans filing for unemployment.
by Nailah HerbertAfter being hired, and on day one of a new job, you will be required to complete a W-4 form. We will discuss tax withholding, gross pay, and net pay.
by CapWay