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Pre-Tax Deductions and Contributions Implications

WEBIf you owe back taxes or have IRS issues, click here or call us directly at (877) 542-0412. Ask for a FREE CONSULTATION. Pre-tax deductions and contributions …

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What Does FICA Consist Of

WEBWhat Does FICA Consist Of? The FICA tax is divided into two main components, each supporting a cornerstone of the social safety net: Social Security Tax: …

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10 Essential Tax Terms Every Taxpayer Should Know

WEBMedical costs, other taxes (state, municipal, and property tax), mortgage interest, charity donations, casualty and theft losses, unreimbursed employee expenses, and other …

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Changing Withholding on Social Security: A Complete Guide

WEBAdjusting the taxes taken out of your Social Security benefits might seem complicated, but it doesn’t have to be. This detailed guide provides a step-by-step approach to changing …

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Imputed Income Guide for Employees and Employers

WEBTuition reimbursement over $5,250 per year is taxable unless it’s for job-related courses that benefit the employer. Example: If your employer reimburses $6,000 for your …

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A Complete Guide to The IRS Fresh Start Program Eligibility

WEBThe Fresh Start Program demands that taxpayers are fully compliant with filing requirements to be considered. Deposits for Self-Employed: For the self-employed, …

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Extra Medicare Tax What is it

WEBUnderstanding the Extra Medicare Tax: A Comprehensive Guide. Medicare serves as a cornerstone in the United States, providing health insurance to millions of …

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Unemployment and Taxes: Understanding the Impact

WEBUnderstanding Unemployment Benefits and Its Tax Implications. As the employment landscape undergoes continuous change, a significant number of individuals find …

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Breaking Down the Latest 2024 IRS Update

WEBThe IRS has recently released key updates for tax year 2024, shaping the financial landscape for taxpayers. In this comprehensive guide, we’ll navigate through the …

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Fresh Start Program: Navigate IRS Tax Relief

WEBBenefits of the Fresh Start Program: 1. Streamlined Installment Agreements: Under this initiative, taxpayers can set up manageable monthly payments to settle their tax debt …

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2023 Guide: Educator Expense Deduction Essentials

WEBEducators can deduct the unreimbursed cost of various classroom-related expenses, including: 1. Books, Supplies, and Materials: Deductions can be claimed for books, …

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Ultimate Guide to Filing Schedule C for Small Business Owners

WEBSchedule C, officially titled “Profit or Loss from Business,” is an IRS form crucial for sole proprietors and single-member LLCs to report their business income and …

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When to Call a Tax Relief Service Clear Start Tax

WEBIf you’re facing tax challenges and need expert guidance, don’t hesitate. Click here or call (888) 235-0004 to connect with a trusted tax relief specialist who can guide …

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Effective Ways to Manage Your Tax Refund for Financial Growth

WEBFor a truly impactful decision, consider investing your tax refund in avenues that offer potential growth. Options include: Roth IRA: Contributing to a Roth IRA can …

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Top Tax Write-Offs Every Taxpayer Should Know

WEBToggle Navigation. Call Us – (888) 235-0004; Email – [email protected]; Hours – Mon to Fri: 8AM to 5PM PST; Address – 5 Park Plaza Suite 800, Irvine, CA 92614

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Back Taxes & Refunds: IRS Fresh Start Insights

WEBThis notice will detail the original refund amount, the amount being offset, and the agency receiving the offset payment. Reduced Refund: If you owe back taxes, …

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Discover Your Adjusted Gross Income (AGI): Guide for Tax Filing

WEBFor instance, let’s say John has a gross income of $60,000. Over the year, he has made $4,000 in student loan interest payments and contributed $3,500 to his …

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President Biden's Tax Proposals: Impact and Overview

WEBAn Increase in Medicare Tax. In an effort to better fund Medicare, another Biden proposal would see the Medicare tax rate climb from 3.8% to 5% for those making …

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How to Fill Out IRS Form 8962: Guide to Premium Tax Credit

WEBIntroduction. Navigating IRS Form 8962 is essential for accurately claiming the Premium Tax Credit, a beneficial tool for reducing health insurance costs through …

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