Remember: gift cards are for gifts, not for making tax payments. Many people give gift cards as a convenient gift for any occasion. Scammers use gift cards to steal your money. Here's how this usually works: The scammer may call you, impersonating an IRS agent, or contact you by text, email, or social media. The criminal [...]
Students and others often get part-time and seasonal jobs to earn extra money or to save for later. Many people don't realize that they may have to report and pay taxes on their income. When you start a job, you need to fill out a Form W-4, Employee's Withholding Certificate. Your employer uses this form to [...]
This article was published by the IRS. The Internal Revenue Service is reminding taxpayers whose income is not subject to withholding that the second quarter estimated tax payment deadline is June 17. Taxpayers making estimated tax payments should consider this deadline to avoid falling behind on their taxes and facing possible underpayment penalties. And the IRS [...]
Income taxes are a pay-as-you-go system. That means you pay your taxes as you earn income during the year. Either your employer withholds tax from your pay, or you pay quarterly estimated taxes on your own. If you have income that's not subject to withholding, you may need to make quarterly payments. This includes income such [...]
This article was published by the IRS. Taxpayers who can't pay their tax bill by the April 17, 2024 deadline shouldn't panic – the IRS is here to help. There are several options to help taxpayers meet their obligations. It's important for taxpayers to file their tax return or request an extension of time to file [...]
