Federal Income Tax

Informal things you need to know about filing your federal income taxes. Find forms, general information, guidelines, and rates for completing your next tax return.

U.S. Government Reliance on Income Tax Over the Last 30 Years

For the past three decades, the U.S. government’s reliance on income tax has been a defining factor in how the…
Is There a Penalty for Filing Corporate Taxes Late If You Owe Nothing?

Is there a penalty for filing corporate taxes late if you owe nothing? This question often perplexes business owners and…
If I Work from Home, Can I Claim Internet on My Taxes?

If you work from home, you might wonder, “Can I claim internet expenses on my taxes?” The answer depends largely…
How to Pay Taxes on Depop Sales?

If you’re selling on Depop, understanding how to pay taxes on your sales is crucial to staying compliant with tax…
Final Paycheck Laws by State

When an employee leaves a job—whether voluntarily or through termination—one of the most important aspects of the offboarding process is…
Do I Need to Report eBay Income?

If you’ve been selling items on eBay—whether casually decluttering your home or running a full-fledged online store—you may wonder, do…
Should I Claim Exemption From Withholding?

Making decisions about tax withholding can significantly impact your financial well-being and requires careful consideration of various factors that affect…
What to Do If You Receive Form W-2C: A Step-by-Step Guide

Receiving a Form W-2C, or Corrected Wage and Tax Statement, can be concerning for employees who have already filed their tax…
Understanding the Marriage Penalty Tax: What Couples Need to Know

The marriage penalty tax is a phenomenon that can significantly impact the financial landscape for couples once they decide to…
Are You Exempt from Withholding if You Can Be Claimed as a Dependent?

When it comes to taxes, the question of whether you are exempt from withholding if you can be claimed as…