Tag Archives: Income Tax Bloomington

How to Start Preparing Your 2020 Tax Return

UncategorizedBy UNIKO Media Group November 25, 2020

1) Check Your Withholding First, make sure that your tax withholding is correct. This can be done easily using the Tax Withholding Estimator from the IRS. Checking your withholding is important because it helps you avoid unexpected tax bills when you file your 2020 tax return. These are some cases when checking your withholding is…

Don’t Forget that Unemployment Compensation Is Taxable!

UncategorizedBy UNIKO Media Group October 27, 2020

Over the last several months millions of Americans have received taxable unemployment compensation for the first time due to the impact of the COVID-19 pandemic. That’s why today we’d like to remind you that unemployment compensation is taxable, and it’s advisable to retain those taxes now to avoid owing them when you file your return…