For estimated tax purposes, the year is divided into four payment periods. Each period has a specific payment due date. If you don’t pay enough tax by the due date of each payment period, you may be charged a penalty even if you’re due a refund when you file your income tax return at the end of the year.
COVID19 Stimulus Package FAQ President Donald Trump signed a $2.2trillion economic stimulus package into law Friday, after abipartisan action by Congress to support businesses, health care providers andstruggling families during the coronavirus epidemic. The President thanked members ofcongress for reaching an agreement. “This will deliver urgently needed relief,”said Trump as he signed the bill in
Getting Through Harsh Times Our country is going through an unprecedented health, social and econimic crisis. The scope of the problem extends beyond our borders to the rest of the entire world. People´s life have been affected in every aspect, and the end to the crisis doesn´t seen to be any where near. In times
Home Office Expenses If you work for yourself and have a home office, you may be able to deduct part of your mortgage or rent and other home costs. But not every home office qualifies for this deduction. Home Office Deduction Checklist These are the criteria you must meet in order to be entitled to
How to Know What’s Taxable Most people are familiar with income taxes, since we’re all required to file tax returns every year. However, that’s just part of the of a bigger picture. Certain taxes are automatically deducted from your wages when you get paid or when you buy something either in store or online. Some
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