Last week, during one of the busiest filing periods, TurboTax employees from every part of the organization came together to help customers. They took time out of their day job to answer questions via phone, chat, email, even through Twitter.
Congratulations, you just got a raise! You’ve worked hard to build your company and your boss noticed enough to reward you for the effort. Now you can sit back and relax, right? Not quite, you may want to look at how your increased income affects your taxes in present filing year.
Tis’ the season for holiday tax tips! TurboTax shares 30 tax moves you can make this month to maximize your tax refund or reduce what you owe while enjoying the holiday season. Happy Holidays from TurboTax.
For many, understanding what the social security tax is exactly can be a little confusing. Here we breakdown the different components that make up the social security tax and go behind the scenes of who pays it and the long history behind it.
What are income taxes? An income tax is simply a tax levied on the income of businesses and individuals. Here in the U.S., our federal government uses the income tax to help run defense, entitlement programs, and other services.
That’s one heck of a tongue twister, isn’t it? As difficult as it may be to say three times fast, it’s actually much easier to think of a Roth IRA re-characterization as a “do over.” A re-characterization lets you undo a conversion you made earlier in the year.