Income Tax
Latest News
Understanding Employees’ Preferences: The Key to CPA Firms Attracting Top Talent in 2025
2025 Tax Refund Date Estimator – And Last Minute Tax Tips for 2024
IRS Will Phase in $600 1099-K Reporting Threshold in 2026
Review of HubSync – The Accounting Technology Lab Podcast – Nov. 2024
IRS Makes Final Push to Get Stimulus Payments to Those Who Haven’t Gotten One Yet
The IRS has already sent nearly 9 million letters to people who may be eligible for the $1,200 Economic Impact Payments but don’t normally file a tax return. The letters, along with the special Nov. 10 event, both urge people to use the...
IRS Extends Deadline for Coronavirus Stimulus Payments to Nov. 21, 2020
People who haven’t received a Coronavirus stimulus payment, and don’t typically file a tax return, can use an online tool to request their payment, up until Nov. 21.
Joe Biden Releases 2019 Income Tax Return
According to documents released by Biden’s campaign Tuesday, the former vice president and his wife, Jill, got a refund of $46,858 after paying $346,204 in income taxes. He reported a taxable income of $944,737, paying 31.7% of it in taxes
Who Qualifies for the Home Office Deduction Under the New Tax Laws?
Small Business Week, Sept. 22-24 is a good time for individuals to consider taking the home office deduction if they qualify. The benefit may allow taxpayers working from home to deduct certain expenses on their tax return.
2021 Estimated Income Tax Rates and Tables
Bloomberg Tax & Accounting has projected 2021 income ranges for each tax rate bracket. Income ranges for the tax brackets for married taxpayers filing jointly and for single taxpayers are shown below. Rate brackets for other filing statuses are ...
Salary and Benefits Trends During Covid-19
Employers have a growing list of concerns lately, including losing their top performers, new research from global staffing firm Robert Half shows. A large majority of senior managers surveyed (88%) said they are worried about their ...
IRS to Send Letter to 9 Million Non-Filers Who Didn’t Get Coronavirus Stimulus
The letters are being sent to people who haven’t filed a return for either 2018 or 2019. Based on an internal analysis, these are people who don’t typically have a tax return filing requirement because they appear to have very low incomes, based on ...
7th Annual Georgia Accounting Food Fight Goes Virtual to Help End Hunger
This year, the Food Fight’s fundraising goal is to raise 200,000 dollars statewide during the two-week competition. If that goal is reached, it will mark one million dollars raised in total since the inception of the Food Fight and the equivalent of...