Category Archives: Tax Tips & News
Economic Impact Payments
The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some taxpayers who typically do not file returns will need to submit a simple tax return to receive the economic impact payment. Continue reading
Employees Should Take Time to Check Their Withholding Exemptions
IR-2015-120, Oct. 22, 2015 WASHINGTON — The Internal Revenue Service reminds taxpayers that the earlier in the year they check their withholding, the easier it will be to get the right amount of tax withheld. Besides wages, income tax is … Continue reading