Unemployment Compensation is Taxable

This article was published by the IRS.  With millions of Americans now receiving taxable unemployment compensation, many of them for the first time, the Internal Revenue Service is reminding people receiving unemployment compensation that they can have tax withheld from their benefits now to help avoid owing taxes on this income when they file their federal [...]

Taxpayers Should Be Aware of Myths about Tax Refunds

This article was published by the IRS. When it comes to federal tax refunds, there are several common myths. Getting a refund this year means there's no need to adjust withholding for 2020. To help avoid a surprise next year, taxpayers should make changes now to prepare for next year. One way to do this is [...]

New Tax Withholding Estimator Makes It Easier to Do a Paycheck Checkup

The following article was published by the IRS. The Internal Revenue Service has launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year. The Tax Withholding Estimator replaces the Withholding Calculator, which offered workers a convenient online method for [...]

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