In its latest report, the National Association of Realtors (NAR) announced that July 2022 existing home sales were down but prices were up nationwide, compared with last year. “The ongoing sales decline reflects the impact of the mortgage rate
If you’re a business owner working from home or an entrepreneur with a home-based side gig, you may qualify for valuable home office deductions. But not everyone who works from home gets the tax break. Employees who work remotely
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s combined income. Therefore, the IRS can come after either spouse to collect the entire
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment income, capital gains or other income. Here
When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so that this doesn’t happen again next year. You might even want to adjust your
When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are when you take them and what you do with
Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your higher tax bracket and place it in the lower
After a long weekend of proposed amendments, with only two passing, the Senate approved the Inflation Reduction Act of 2022 late Sunday evening. The House will return to session Friday and is expected to pass the measure quickly with
Sales and registrations of electric vehicles (EVs) have increased dramatically in the U.S. in 2022, according to several sources. However, while they’re still a small percentage of the cars on the road today, they’re increasing in popularity all the
If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key issue is: Who paid for the benefit? If the income is paid directly to you by your employer, it’s
After a long negotiation, Senators Joe Manchin and Chuck Schumer announced they had come to an agreement on the Reconciliation Bill yesterday evening. While no details are available at this time, it is widely reported there will be significant
To pay your state and federal taxes online, click your state below. Individuals Corporate FEDERAL FEDERAL WASHINGTON D.C. WASHINGTON D.C. ALABAMA ALABAMA ALASKA ARIZONA ARIZONA ARKANSAS CALIFORNIA CALIFORNIA COLORADO COLORADO CONNECTICUT CONNECTICUT DELAWARE DELAWARE FLORIDA GEORGIA (Estimates Only)
