Tax Tips

Here’s what taxpayers should know about the new IRS Tax Withholding Estimator

2019, Individual / By

IRS Tax Reform Tax Tip 2019-111, August 15, 2019 Taxpayers who haven’t yet checked their withholding this year should do so ASAP. All taxpayers can do this by using the new mobile-friendly Tax Withholding Estimator. This new tool can be used by workers, as well as retirees, self-employed individuals and other taxpayers. It’s a user-friendly step-by-step …

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Here’s what taxpayers should know about making 2019 estimated tax payments

2019, Individual / By

IRS Tax Reform Tax Tip 2019-109, August 13, 2019 Small business owners, self-employed people, and some wage earners should look into whether they should make estimated tax payments this year. Doing so can help them avoid an unexpected tax bill and possibly a penalty when they file next year. Everyone must pay tax as they …

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Taxpayers can follow these three steps to use new Tax Withholding Estimator

2019, Individual / By

IRS Tax Reform Tax Tip 2019-108, August 12, 2019 All taxpayers should use the new Tax Withholding Estimator to do a Paycheck Checkup. This tool helps people make sure their employers are taking out the right amount of tax from the employee’s paychecks. The money withheld from an employee’s paychecks throughout the year should cover the amount of …

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These summer activities can affect next year’s tax returns

2019, Individual / By

IRS Tax Tip 2019-107, August 8, 2019 Summertime activities often affect the tax returns people file the following year. Here are some things taxpayers do during the summer along with tips they should consider now: Getting married. Newlyweds should report any name change to the Social Security Administration. They should also report an address change to the …

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Improved tool on IRS.gov helps taxpayers check their withholding

2019, Individual / By

IRS Tax Reform Tax Tip 2019-106, August 7, 2019 All employees should make sure their employers are withholding the correct amount of tax from their paychecks. The best way for employees to do this is to use the new IRS Tax Withholding Estimator on IRS.gov. The IRS just launched this improved tool to help taxpayers check their …

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Taxpayers can file Form 2290 electronically to pay heavy highway vehicle use tax

2019 / By

IRS Tax Tip 2019-105, August 6, 2019 Taxpayers who must pay the heavy highway vehicle use tax should remember they can file and pay electronically. While some taxpayers who file Form 2290 are required to file electronically, all 2290 filers can do so. These taxpayers can use e-file software to both file Form 2290 and pay what …

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Business owners may be able to benefit from the home office deduction

2019, Individual, Small Business / By

IRS Tax Tip 2019-104, August 5, 2019 Taxpayers who use their home for business may be eligible to claim a home office deduction. It allows qualifying taxpayers to deduct certain home expenses on their tax return. This can reduce the amount of the taxpayer’s taxable income. Here are some things to help taxpayers understand the home office deduction …

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Here’s where taxpayers can find answers to questions about their tax refund

2019, Individual / By

IRS Tax Tip 2019-103, August 1, 2019 As taxpayers with filing extensions submit their returns this summer and fall, some of them may have questions about their refunds. These taxpayers can use the Let Us Help You page to find answers to those questions. This page has links to information and resources that will let them know …

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Here’s where taxpayers can find answers to questions about their tax refund

2019, Individual / By

IRS Tax Tip 2019-103, August 1, 2019 As taxpayers with filing extensions submit their returns this summer and fall, some of them may have questions about their refunds. These taxpayers can use the Let Us Help You page to find answers to those questions. This page has links to information and resources that will let them know …

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