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…
An ITIN is a tax identification number issued by the Internal Revenue Service (IRS). Some ITINs expire in 2020, so it’s important to check if yours is among them and, if so, make sure to renew it to avoid refund delays. What Does ITIN Stand For? The acronym ITIN stands for Individual Taxpayer Identification Number. This…
Your tax filing status is a category that determines the rate at which your income is taxed. Generally speaking, your filing status depends on whether you are single or married on December 31. That fact determines your status for the whole year. In some situations, more than one status may apply (you can see all…
Did you request an extension to file your 2019 tax return? If the answer is “Yes”, then there’s an important date to keep in mind. Remember: people who requested an extension have until Thursday, October 15 to file their taxes. The original deadline was July 15, but taxpayers could request an extension as long as…