This video was published by the IRS. Did you know that if there are mistakes on your tax return it can take longer to get your refund? Worse yet, you may owe additional tax. Examples of common mistakes include: Not choosing the right filing status. You can avoid this mistake by using the Interactive Tax Assistant [...]
This article was published by the IRS. Taxpayers can take control of the size of their refund using the Tax Withholding Estimator on IRS.gov. The estimator has a "slider" feature to let users to choose the refund they want from a range of amounts based on the information they enter. The feature helps taxpayers set their [...]
In this week’s Monday episode (June 22, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that the IRS approved some relief last week. If you were 70 1/2 in 2019 and were required to take distributions from a retirement plan like a 401(k) or IRA, the question has been what would happen if [...]
This video was published by the IRS. Most eligible individuals received their Economic Impact Payment automatically. However, some eligible Americans with incomes that do not require them to file a tax return, including some Americans that are experiencing homelessness, will need to submit information to the IRS by October 15 to receive their payment. The IRS [...]
An emergency fund takes time and discipline to build, but you don't need to be a rocket scientist to learn how to track your expenses and save money. Some simple calculations will help you determine what you are able to save each month, and as a result, how long it will take to build an emergency [...]
