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Income Taxes

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Powerball After Taxes: How Much Will The IRS Take?

Lottery Winnings After Taxes: How Much Do You Have To Pay? Key points in this article: The federal government taxes all lottery prizes over $5,000…


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How Are Bonuses Taxed? A Quick Explanation

Are Bonuses Taxed Higher Than Your Wages? A Quick Explanation Key takeaways in this articles: The IRS considers any form of additional compensation to your…


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Do You Have to Pay Taxes? Yes, You Do. And Not Just Because the Law Says So.

Sure, paying taxes doesn't feel patriotic. But it is. Yes, you do have to pay taxes. The law mandates the payment of federal income taxes…


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Combat Pay: When It’s Tax-free, When It’s Not and What the IRS Needs to Know for Your Tax Returns

The irony of tax-free pay is how much paperwork is involved. Combat pay is a special type of income that is granted to military personnel…


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File a Business Tax Extension Online

Business Taxes Are Due Tuesday, March 15, 2016   The IRS allows both individuals and businesses to file for a tax extension, which gives you…


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Marginal Income Tax Brackets

Find Your IRS Tax Brackets and Tax Rates Many people do not understand their marginal income tax bracket and how it affects them. In turn, they can…


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The Earned Income Tax Credit (EITC)

Who Qualifies for the Earned Income Credit? The Earned Income Tax Credit (EITC) was created to help low-income workers, self-employed individuals, and their families. The Earned…


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7 Best Practices To Prepare Your Business For Tax Time

You may barely be over the winter holidays, but tax season is fast approaching with the ferocity of a winter storm. If you are like…