Is this the year you'll adopt a child? If so, you might also qualify for a special break on your income tax return.
Friday, June 30, 2017
Monday, June 26, 2017
Wednesday, June 21, 2017
Friday, June 16, 2017
The IRS recently announced the 2018 inflation-adjusted limits for health savings accounts. For 2018, taxpayers can contribute up to $3,450 (up from $3,400 in 2017) for single coverage, or up to $6,900 (up from $6,750 in 2017) for family coverage.
The maximum out-of-pocket figures are: $6,650 for single coverage (up from $6,550 in 2017) and $13,300 for family coverage (up from $13,100 in 2017).
Tuesday, June 13, 2017
Remember, service charges do not receive the same tax treatment as tips. Service charges are non-tip wages, and employers must treat them as such for tax withholding and filing requirements. Tips are payments made to employees by customers at the customer's discretion. Service charges are extra fees a customer must pay to a business. Examples of service charges are fees imposed by restaurants for parties of six or more, cruise ship package fees, and hotel room service charges.
Monday, June 12, 2017
Wednesday, June 7, 2017
Friday, June 2, 2017
You have filed your 2016 tax return, but you probably still have questions. Here are a few of the most common post-filing questions the IRS answers.