The Beginner’s Guide to Filling Out a W-4

The Beginner’s Guide to Filling Out a W-4

It’s no secret that the IRS excels at making things complicated. And when you’re busy learning the ropes of a new job, trying to fill out a 4-page W-4 form can be a huge hassle. It’s not a good idea to rush through it, though, because a small mistake now can mean withholding too much or too little of your

Tax Deadline Delayed

Tax Deadline Delayed

As part of the government’s efforts to help avoid a recession, Treasury Secretary Steven Mnuchin announced that the tax deadline would be pushed off by a full 90 days.

Here’s what this announcement means for taxpayers.

Under normal circumstances, taxes are due by April 15. If tax filers cannot complete their taxes in time, they can request a 6-month extension

Don’t Toss That Junk Mail — It Might be Your Stimulus Payment

Don’t Toss That Junk Mail — It Might be Your Stimulus Payment

Four million Americans are receiving their Economic Impact Payment in the form of a prepaid debit card — and many are mistaking it for junk mail.

Last week, the U.S. Treasury Department and the Internal Revenue Service (IRS) began sending out Economic Impact Payments (EIP) as prepaid debit cards. The cards arrive

Tax Scams 2019

Tax Scams 2019
Tax Scams 2019

Each year, the IRS publishes the “Dirty Dozen,” a list of 12 scams that are rampant during that year’s tax season. 
This year, the IRS is cautioning taxpayers to be extra vigilant because of a 60% increase in email phishing scams over the past year. This is particularly disheartening, since it comes on the heels of a steady decline in phishing scams

Tags: scam, Taxes, IRS

5 Common Tax Mistakes To Avoid

5 Common Tax Mistakes To Avoid
5 Common Tax Mistakes To Avoid
  1. Faulty Math – A small miscalculation can throw off all your numbers and get you into trouble with the IRS.
  2. Name Changes and Misspellings – If you’ve recently changed your legal name, let the Social Security Administration know.
  3. Omitting
Tags: Taxes, mistakes, tips, list

Beware These Tax Scams!

Beware These Tax Scams
Beware These Tax Scams

Once again, the IRS and the FTC are warning the public of a series of tax-related scams to be wary of during this busy and stressful time. Here’s what you need to know: 

Scam variations 

There are several ways scammers can use tax season for fraud. 

1.)   Phony refund 

In one scenario

Category: Financial Wellness

What Were The Actual 2018 Tax Changes

What Changed With The New Tax Law?
Don't be caught off-guard when filing your 2018 taxes, check out the IRS Withholding Calculator!

Q: There was so much talk about the proposed changes to the tax code. Now that the changes have finally been signed into law, I’m wondering which planned modifications actually became a reality. What were the exact