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Business taxpayers should take another look at their estimated tax payments

Taxpayers who pay quarterly estimated tax payments may want to revisit the amount they pay. The Tax Cuts and Jobs Act changed the way most taxpayers calculate their tax. These taxpayers include those with substantial income not subject to...

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  • August 27, 2019

Taxpayers have options for paying the tax they owe throughout the year

Taxpayers who need to pay more before tax time have a few different options on how they can do so. First, all employees should make sure their employers are withholding the correct amount of tax from their paychecks. The...

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  • August 9, 2019

Taxpayers who usually itemize deductions should check their withholding to avoid tax surprises

WASHINGTON – The Internal Revenue Service encourages taxpayers who typically itemized their deductions on Schedule A of the Form 1040 to use the Withholding Calculator this year to perform a “paycheck checkup.” People who have itemized before may be...

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  • May 16, 2018