Category Archives: Personal Taxes

Taxpayers who usually itemize deductions should check their withholding to avoid tax surprises

The Internal Revenue Service encourages taxpayers who typically itemized their deductions on Schedule A of the Form 1040 to use the Withholding Calculator this year to perform a “paycheck checkup.” People who have itemized before may be affected by changes … Continue reading

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Step-by-Step Instructions for Using the IRS Withholding Calculator

The following article was published by the IRS. The IRS encourages everyone to use the Withholding Calculator to perform a quick “paycheck checkup.” This is even more important this year because of recent tax law changes. Results from the calculator … Continue reading

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Here’s How to Get Prior-Year Tax Information

The following article was published by the IRS. As people are filing their taxes, the IRS reminds taxpayers to hang onto their tax records. Generally, the IRS recommends keeping copies of tax returns and supporting documents at least three years. … Continue reading

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Check Status of a Tax Refund in Minutes Using Where’s My Refund?

The following article was published by the IRS. The Where’s My Refund? tool gives taxpayers access to their tax return and refund status anytime. All they need is internet access and three pieces of information: Their Social Security number. Their … Continue reading

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IRS Can Help Taxpayers Get Form W-2

The following article was published by the IRS. Most taxpayers got their Form W-2, Wage and Tax Statement, by the end of January. Taxpayers need their W-2s to file an accurate tax returns, as the form shows an employee’s income … Continue reading

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Interest on Home Equity Loans Often Still Deductible Under New Law

The following article was published by the IRS. The Internal Revenue Service today advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans. Responding to many questions received from taxpayers and tax professionals, … Continue reading

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IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More Covered

The following article was published by the IRS. The Internal Revenue Service recently encouraged taxpayers who are seriously behind on their taxes to pay what they owe or enter into a payment agreement with the IRS to avoid putting their … Continue reading

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