Written by With less than two months remaining in the calendar year, it’s a great time to double check your federal withholding to make sure enough taxes are being taken out of your pay. The average refund for 2009 was $2,887, up 8 percent from 2008. Even though the Making Work Pay Tax Credit lowered tax withholding [...]
Posts tagged Withholdings
What to Do If You Are Missing a W-2
What to Do If You Are Missing a W-2 Okay I can’t take credit for below in red, but figured it needed to be out for all to see. This is IRS TT-2009-28. Word for word. I am putting it here because not everyone will use the IRS for info. I could have just wrote [...]
How to Avoid IRS Penalties and Interest
If you really do owe unpaid taxes, there’s generally not much you can do about the taxes or interest – you’ll have to pay up. However, you can likely get some, if not all, of the penalty and interest decreased. IRS penalties often do not apply when you acted in good faith, based [...]
Are You sure you are Having Enough Withheld?
How are you supposed to know? This is a re-post for your tax planning needs. A few easy steps and some light planning can help you figure this out. What you need to know: If you fail to estimate your federal income tax withholding properly, it may cost you in a variety of ways. [...]
Top tax savers
Still searching for that last-minute eureka on your 1040? Perhaps you’ll find it here. Trim your taxable income with these strategies, and don’t miss frequently overlooked deductions. Look for losses. If you took a hit in the market in 2007 or even if you switched investments within a fund family at a loss, you can [...]
