Not everyone is required to file a tax return. Most people are, but for those who aren’t, it may still prove beneficial to do so anyway. If you’re not sure if you have to file a tax return, you should familiarize yourself with the rules before tax season approaches. Income, age, and filing status all […]
Some distributions from retirement plans, allotted from qualifying annuity or pension plans through your employer, may be taxable. If any of the following statements are true, your benefits may be taxable: You didn’t contribute to your pension or you aren’t a contributing party to the annuity. Your employer didn’t deduct the contributions from your salary. […]
Under certain circumstances, such as not having taxes withheld from your wages or paying too little each paycheck towards your taxes, you may be required to make estimated tax payments. At the same time, self-employed individuals generally pay taxes through estimated payments.