What is your income tax bracket for 2018? Today, we listed down all the tax brackets for singles, heads of household, and married couples to help you out. With the new tax reform laws looming, it's important to know where you stand in the tax bracket, and how much you'll have to pay in taxes for this year. Read on for more information about your tax brackets. Income Tax … [Read more...]
How To File Back Taxes In Person | Tax Relief Center
Paying taxes is part of your responsibility when you earn a wage. When you don't file taxes on time for any reason, you need to follow through with the proper process. Learning how to file back taxes starts with clarifying the process and ensuring you have the right documentation. Learn How to File Back Taxes and Avoid the Penalties What are Back Taxes? Back taxes … [Read more...]
Why Do I Owe Taxes? | Where Your Money Is Going
Taxes are an annual burden we all face. It’s annoying, no doubt about it. From gathering forms, seeing a tax man or booting up that tax software, to waiting for weeks or months for that refund, it causes quite an inconvenience. If all of this hassle has prompted you to wonder, "Why do I owe taxes?" then you’re not alone. Here’s a brief breakdown of why we pay taxes, where they … [Read more...]
3 Ways An IRS Payment Plan Can Save You Money
Owing money to the IRS can be stressful, so it's best to fulfill your debt with an IRS payment plan. How do you go about this? Here are your options and how you can make your payments more convenient with these installment agreements. IRS Payment Plans: What Are Your Options? 1. Guaranteed Installment Agreements The IRS designed the guaranteed installment agreements for … [Read more...]
7 Tax Penalties To Avoid In 2018
The year 2018 is here and you don't want to start it off by stressing over tax penalties! There are several violations when filing and paying taxes that you should avoid, as you'll end up paying more. We've listed some of the most common tax penalties to be aware of this year. Check them out below. Tax Penalties to Keep in Mind for 2018 1. Underpayment Penalty The … [Read more...]