Due to the Tax Cuts and Jobs Act, the Internal Revenue Service (IRS) has released a new federal Form W-4 Employee’s Withholding Certificate for tax year 2020. The new Form W-4 is significantly ...

Understand whether unemployment benefits are taxable, how to report them on your tax return, and tips for managing your tax ...

W-2 forms are provided to the Social Security Administration (SSA); federal, state and local government agencies; and the employee annually, while small businesses should keep W-4 forms on file ...

IRS Tax Withholding Estimate 1042-S Employees and/or students who are foreign nationals will receive a Form 1042-S. A Form 1042-S is a year-end federal tax document given to a non-resident alien who ...

With the recent tax season behind us, the IRS is encouraging taxpayers to reassess their tax withholding. This proactive step can help avoid unexpected tax bills or penalties in the upcoming year.

How Much Does an Employee Have to Make Before You Have to Withhold Federal & State Taxes?. Federal law requires employers to withhold federal payroll taxes from employees' pay.

While federal tax law provides a framework for the tax treatment of student loan forgiveness, state tax laws can vary. Some states conform to federal tax provisions, while others (such as Arkansas ...

As background, changes made by the Tax Cuts and Jobs Act in 2017 required the IRS to revise the withholding tables and develop new forms to use to withhold taxes from periodic payments.

Range reports high earners must pay quarterly estimated taxes if they owe over $1,000, with specific guidelines to avoid ...

Owners of small businesses that are taxed as "pass-through" entities can deduct workers' compensation insurance costs on their Form 1040 tax returns.

Filing or updating your W-4 form this tax season is an important step in managing your financial health, but not always.

How to Collect Unemployment Benefits. Form 1099-G also shows how much money, if any, you had withheld from your benefits for federal and state income taxes, which you also report on your tax return.