This key thing could be messing with your tax refund: Tax withholdings investinyou (in partnership with acorns)
If you're an employee of a company that gets paid through a payroll service, your employer likely withholds some of your income every paycheck, and sends the money to the government for you.The IRS has a withholding calculator on its website. Check it out to get a personalized estimate of your taxes.
But if you work for yourself, nobody will withhold for you. So make sure you're putting some money aside to pay that tax bill each quarter.More from Invest In YouHere's what you need to know when you're new to filing a tax returnDisclosure: NBCUniversal and Comcast Ventures are investors in Acorns.
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IRS Expands Tax Underpayment Penalty ReliefIf you’ve already filed your 2018 tax return and paid an underwithholding penalty, you might be eligible for a refund.
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IRS says pilot can’t claim his prized WWII plane as a business tax deductionThe pilot says he planned to turn the plane into his nest egg.
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Phishing Schemes Top List of IRS Dirty Dozen Tax Scams For 2019With just a few weeks until Tax Day, the Internal Revenue Service (IRS) is reminding taxpayers to be on the lookout for tax scams. The IRS has issued its annual 'Dirty Dozen' list of tax scams, highlighting a variety of schemes. The common thread, according to the IRS: Scams put taxpayers at risk.
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Phishing Schemes Top List of IRS Dirty Dozen Tax Scams For 2019With just a few weeks until Tax Day, the Internal Revenue Service (IRS) is reminding taxpayers to be on the lookout for tax scams. The IRS has issued its annual 'Dirty Dozen' list of tax scams, highlighting a variety of schemes. The common thread, according to the IRS: Scams put taxpayers at risk.
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The One Thing You Should Do This Tax Season To Help With Retirement SuccessThere is still time this tax season to fund certain retirement accounts. But rather than racing to fund every year before the deadline, taxpayers should choose to start an automated IRA savings program to help them achieve their retirement goals.
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The One Thing You Should Do This Tax Season To Help With Retirement SuccessThere is still time this tax season to fund certain retirement accounts. But rather than racing to fund every year before the deadline, taxpayers should choose to start an automated IRA savings program to help them achieve their retirement goals.
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The golden rule of personal finance is to never, ever touch your retirement savings. Here are three instances in which it might be OK to break that rule.
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If you hit the $750 million Powerball jackpot, here's your tax billRight off the bat, the IRS would get more than $100 million in taxes.
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