Tax Blog

Tips to help you prepare for tax season

IRS Explains Educator Expense Deduction

IRS Explains Educator Expense Deduction

The Internal Revenue Service has long allowed educators to deduct part of the cost of supplies and other expenses from their taxes. The total deduction allowed may not sound like much, but educators all over the U.S. have come to depend on this tax break for a little relief.… Read more about IRS Explains Educator Expense Deduction (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

read more
Taxpayers Now Receiving the Advance Child Tax Credit Payments

Taxpayers Now Receiving the Advance Child Tax Credit Payments

After a dismal winter made darker by the COVID-19 pandemic, millions of American families are getting a little sunnier disposition thanks to advance payments of the Child Tax Credit.… Read more about Taxpayers Now Receiving the Advance Child Tax Credit Payments (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

read more
Using the IRS Withholding Estimator

Using the IRS Withholding Estimator

The IRS Tax Withholding Estimator on IRS.gov does just what it says: help taxpayers determine whether their employer is withholding enough tax or if they need to fill out a new Form W-4.… Read more about Using the IRS Withholding Estimator (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

read more
New Online Tools Help Families Manage Monthly CTC Payments

New Online Tools Help Families Manage Monthly CTC Payments

The Internal Revenue Service has unveiled a pair of new tools to help families manage and monitor advance monthly payments of the Child Tax Credit, made possible by the American Rescue Plan.… Read more about New Online Tools Help Families Manage Monthly CTC Payments (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

read more
IRS Reminds Businesses About Nonemployee Compensation and Backup Withholding

IRS Reminds Businesses About Nonemployee Compensation and Backup Withholding

Most times, businesses pay their employees for the work they do, and set aside a portion of those wages to in turn, pay Uncle Sam. But what if the business has to pay someone who isn’t technically an employee?… Read more about IRS Reminds Businesses About Nonemployee Compensation and Backup Withholding (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

read more
CONTACT US
20130 Lakeview Center Plaza Suite 400
Ashburn Virginia, 20147

PHONE: 703-935-8600 
E-MAIL: info@hbs1040.com

File Online Today