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 [...]
This video was published by the IRS. Scammers are counting on confusion about the Economic Impact Payments to take your money and information. FTC Tip #1: Don't respond to calls, texts, or emails about money from the government. Government agencies like the IRS won't try to reach you on your social media accounts, or call, text, [...]
