Taxes
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Members Only Group Chat Preview: Filing Your Tax Return
Filing Your Tax Return By now you should’ve received most or all of the forms you need to complete and file your 2022 tax return. This week we’ll be talking about how to complete and file a tax return either by doing it yourself or by getting help from a tax professional. We’ll also leave […]
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Penny Forward Founder Chris Peterson Featured On usatoday.com Article About ABLE Accounts
ABLE accounts are tax-advantaged savings accounts for people with disabilities. The money saved in ABLE accounts can be spent on qualified disability expenses. Most importantly, having an ABLE account won’t affect the account holder’s eligibility for federal programs such as Medicaid and Supplemental Security Income. ABLE accounts can be used in a variety of ways. […]
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IRS tax tip: Tax tips for gig economy entrepreneurs and workers
IRS Tax Tip 2023-05, January 12, 2023 In recent years, the gig economy has changed how people do business and provide services. Taxpayers must report their gig economy earnings on a tax return – whether they earned that money through a part-time, temporary or side gig. Read on www.irs.gov/newsroom/tax-tips-for-gig-economy-entrepreneurs-and-workers
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Recording, Members Only Group Chat: Tax Documents, What You Need
Tax Documents, What You Need Last week we walked through the process of ordering an accessible credit report in large print, Braille, or audio using the automated telephone service at 1 (877) 332-8228. This week we continued to talk about money moves you can make to kick off 2023 as we talked about taxes. Tax […]
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IRS Tax tip: The deadline for the final 2022 estimated tax payment is January 17
Tax Tip 2023-04, January 11, 2023 Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes. Anyone who paid too little tax in 2022 needs to make a fourth quarter payment on or before January 17 to avoid an unexpected potential tax bill or penalty when they file in […]
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Preview, Members Only Group Chat: Tax Documents, What You Need
Tax Documents, What You Need Last week we walked through the process of ordering an accessible credit report in large print, Braille, or audio using the automated telephone service at 1 (877) 332-8228. This week we’ll continue talking about money moves you can make to kick off 2023 by talking about taxes. Tax season starts […]
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IRS Tax Tip: Here are some things gig economy workers should know about their tax responsibilities
Many people take up gig work on a part-time or full-time basis, often through a digital platform like an app or website. Gig work, such as selling goods online, renting out property, or providing other on-demand work, is taxable and must be reported as income on the worker’s tax return. Here are some things gig […]
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What people new to the workforce need to know about income tax withholding
For many new grads and other people entering the workforce for the first time, filling out new hire paperwork can be confusing—what’s a W-4, anyway? New employees should ensure they understand their tax situation and do some planning now, so they’re in good shape at tax time next year. It’s important to know the correct […]