Have You Checked Your Withholding Lately?

There are many reasons to check your tax withholding. This means looking to see how much money your employer is withholding from your paycheck for federal income tax. Remember, you can visit IRS.gov/withholding any time for more info. It’s a good idea to check your withholding as it will help you avoid a surprise at tax [...]

IRS Standard Mileage Rates for 2024

This article was published by the IRS. The Internal Revenue Service has issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel [...]

Help for Taxpayers

Do you have a tax question? If so, start with the help link at the top of the IRS.gov web page. There, you'll find lots of useful information, whether you're filing your tax return, checking on your refund, looking for payment options, or if you have other tax questions. You can also try the Interactive Tax [...]

Are You Making Extra Cash Selling Stuff or Providing a Service?

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 [...]

Businesses Must Electronically File Form 8300, Report of Cash Payments Over $10,000, Beginning Jan. 1, 2024

This article was published by the IRS.  The Internal Revenue Service has announced that starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. Businesses that [...]

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