Taxpayers should start gathering and organizing records as their first step for tax preparation and filing their 2024 federal tax return. They need all year-end income documents to help ensure they file a complete and accurate 2024 federal tax return and avoid refund...
IRS
IRS Tax Withholding Estimator helps ensure withholdings are correct
WASHINGTON The IRS encourages taxpayers to use the IRS Tax Withholding Estimator to ensure they’re withholding the correct amount of tax from their pay in 2025. This digital tool provides workers, self-employed individuals and retirees with wage income a user-friendly...
Employers must certify eligibility of new hires to claim the Work Opportunity Tax Credit
Employers who hire people from certain groups can reduce the tax they owe when they claim the Work Opportunity Tax Credit on their federal tax return. To claim the credit, an employer must first get certification an individual is eligible. This credit is extended...