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If your employer hasn’t sent you a W-2 form or a pay stub, you can use other ways to file taxes. This article covers all the details about other forms and resources. Let’s dive in. What is Form W-2? Form W-2 is a tax document that employers send to their employees. It shows your income and taxes withheld from your paycheck, so you can...

Filing taxes is pretty easy if you have been living and working in the same state for years. However, when you have to file multiple taxes since you are living in more than one state, it can get tiring. In 2015, the United States Supreme Court passed a bill ruling against two states taxing a worker on the same income. While this decision favors ta...

Every new year starts with an overwhelming understanding of filing tax returns. One of the most stressful things that every American has to do is file their taxes. However, having all the necessary guidelines and tools can help you go through this period seamlessly.  Generally, employees receive the W-2 form to file tax returns from their emp...

After the fun and excitement of the holiday season fades and the new year dawns, the next big thing every American gets indulged in is taxation. Filing for tax returns is an essential but gruesome process. Typically, the employers send W-2 forms to the employees. But if you haven't gotten your W-2, what should you do? You can use your last pay stub...

When you own of a small business, there are several key dates throughout the year that you need to pay close attention to, some of the most important being when your taxes are due. Business tax deadlines can be tricky since different types of taxes will have different due dates. So, when will your taxes be due? And are all taxes expected to be paid...

Filing taxes as an independent contractor can be confusing and intimidating. Questions like, "Will I get into trouble?" "What are the various rates?" "Am I missing anything?" must be bombarding your mind. But don't worry! Check out our freelance tax guide to learn everything you must know to file taxes as a freelancer or independent contractor. ...

Personal filing mistakes often cause common tax problems. You may not be able to afford the services of an accountant in filing your tax returns. However, you must ensure you do it accurately when you file them yourself.  All taxpayers are liable for the mistakes on their tax returns, so avoiding common mistakes will save you from endless iss...

The tax law at the Federal level is applied equally to both children and adults. Taxes are due when income is earned. This is reflected as deductions in the paycheck.  But, how much tax is taken out of a minor’s paycheck? That's a good question and the answer is not always so cut and dry. The amount of tax taken out of a minor's pay depends on...

With the announcement of the 10200 unemployment tax break refund, a substantial sum goes toward taxpayers through tax refunds. Many are eager to see it arrive in their bank accounts without delay. However, delays are inevitable due to the IRS's current workload with tax refunds. The introduction of the unemployment tax refund portal has allowed ta...

Payroll taxes can be confusing, but it's important to know the formula to ensure that you are paying the correct amount. Knowing the formula can also be beneficial if you ever feel like you are being asked to pay more than your fair share.  It's important to remember that all businesses have a responsibility to contribute their share, but it'...

When you first incorporate your business, how you pay yourself may seem insignificant. It can be a straightforward process for some business types, such as a sole proprietorship or a limited liability company. However, it can be more complex when dealing with an S corporation.  There are three ways to pay yourself when you own an S corpo...

It feels like every year you get a tax break. It's a big amount of money. Have you ever thought about why you always get a return? When a person has paid too much in taxes over the year, they often get a tax refund. At first, getting a big return might seem like a good thing. If you find it hard to save money, getting your tax refund at a good ti...

As a business owner who employs workers and staff, you need to understand the compliances and various responsibilities that come with contributing to Federal Unemployment Tax Act or FUTA. This article covers the topics you need to get to know FUTA taxes better. You will also discover calculations, 2023 rates, and credits. But before, we recommend...

TurboTax is a highly-professional and efficient platform to file tax returns and get an expert opinion. This platform features many tax experts who can ease the stress of filing taxes. In addition to various tax products, TurboTax offers excellent services to file taxes with the last pay stub. Here, we have answered one of the most frequently aske...

If you have recently noticed no federal income tax deductions on your paycheck, you may wonder why that is. The answer is that there are a few reasons why the government may have taken no federal income tax out of your paycheck.  Depending on how much money you make and what you do for a living, different rules may apply to you. Rules and reg...

A pay stub includes details of financial activities in a pay period, including taxes paid, deductions for health plans, gross wages, commissions, etc. The health plan includes the employee and employer’s contributions to health and medical expenses. According to the Fair Labor Standards Act (FLSA), employers must also record the health benef...