Your employer forwards the money that's withheld to the IRS on your behalf. The IRS records the receipt and applies it to your tax debt when you file your tax return. The totals are reported on Form W ...

As the 2025 tax season approaches, taxpayers should brace for new developments and potential challenges. While timely refunds ...

underscoring taxpayers’ interest in understanding deductions as much as possible. TikTok user and mortgage expert ...

Tips delivered in another method that aren’t cash, but that have monetary value are considered noncash tips. These may ...

These days, there are a number of free options for filing your tax return, and many of them offer guided support to help you ...

Learn what happens if you don't file your taxes. Discover the consequences, penalties, and how to address unfiled tax returns ...

Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to ...

Confused about your 1099-R and 1099? Learn the key differences between these tax forms and how they impact your taxes.

With our increasingly global workforce, it’s critical to have awareness of both the legal aspects of onboarding foreign hires and the ...

it is crucial for employees to understand and review key aspects of their Form W-2 to ensure accurate filing. PayrollOrg (PAYO) highlights five key things you need to know about your Form W-2 as ...

Ensure the accuracy of your personal information. Verify that your name, address, and social security number on Form W-2 are correct. Discrepancies could delay processing or cause issues with your ...

You can start preparing your tax returns as soon as you receive your W-2 form. The IRS typically starts accepting tax returns in late January, with the expected date for 2025 being Jan. 27.