Each year, the Massachusetts Department of Revenue gives a filing season video update presentation for the tax year. This video provides the update for tax year 2024. It includes valuable tax information such as recent legislative changes and DOR initiatives, what's new on 2024 forms and schedules, helpful hints, updates to popular credits, and how to [...]
If you're a business owner or authorized user interested in accessing and managing your IRS business tax information, be sure to create an IRS business tax account. A business tax account allows authorized users of certain types of business or other entities to access and manage their business tax information and offers the ability to make [...]
This article was published by the IRS. There are good surprises and there are bad surprises. Generally, a tax-related surprise is probably unwanted. To avoid tax surprises, people should review their tax withholding. There's still time left in 2024 to make changes and see the benefit on their tax return next year. An adjustment made now [...]
If you get paid electronically for a side hustle, small business, or selling things online, you may need to pay taxes. Payment apps and online marketplaces might issue a Form 1099-K informing you and the IRS of how much money you got for selling things or providing a service. If you make a profit through these [...]
This article was published by the IRS. The next tax season seems far away, but this is actually the perfect time for taxpayers to review their withholding and estimated tax payments. Because federal taxes are pay-as-you-go, it’s important for taxpayers to withhold enough from their paychecks or pay enough in estimated tax. If they don’t, they [...]
