Withholding allowances help an employer determine how much money to take out of an employee’s paycheck to remit to the state and federal tax authorities. You’ve probably filled out a W-4 before: when you check off allowances, that tells your employer just how much to withhold. The more allowances you claim, the less tax is […]
Tax Allowances Explained: What Are Tax Allowances? Read More »
What happens if you owe on your taxes and don’t pay by tax day? You could face penalties and interest from the IRS, and no one wants that kind of attention. No matter what you do, don’t ignore the problem. Even if you can’t pay the full amount on tax day, you’re better off filing
What Can You Do if You Owe on Your Taxes? Read More »
Want to save some money on your taxes next year? Of course you do—doesn’t everyone? Our tax service in Des Moines, IA works with a variety of clients of all different income levels and financial backgrounds to help them cut their tax liability and continue to build their savings. Here are just a few examples
Tax Saving Tips for the Next Year Read More »
It can be a sinking feeling to look at your tax paperwork after you file and realize that you still owe Uncle Sam a significant amount of money. If you know you’re not going to be getting a tax refund this coming year, you can at least make an effort to get your tax liability
Getting Your Tax Refund Close to Zero Read More »
With all of the changes to the tax code as a result of the implementation of the Tax Cuts and Jobs Act, you may be confused as to how this affects your potential write-offs, and the information you need to track as part of your tax preparation. As a general rule, it’s still a good
Tips for Managing Your Receipts for Your Taxes Read More »
You’ve probably come across online tax calculators before. However, if you don’t know exactly how income tax is calculated, then they probably aren’t going to tell you a whole lot. So how exactly is your income tax calculated, and what can you do to lower the amount of money you owe to the government? Here’s
Tips for Using Tax Calculators Read More »
After the hassle of completing your tax return, you’ve finally received your tax refund. Of course, you’re excited to have an extra influx of cash, but maybe you’re not sure about the best way to spend it. Luckily, there are plenty of smart moves you can make with your refund money that can benefit you
What Should You Do with Your Tax Refund? Read More »
There are many different strategies for approaching your taxes, but most of the time the goal is to end up paying no more than you owe. When it comes to tax time, you might even be hoping to see a bigger refund check than the year before. To get the most out of your taxes,
How to Get the Most Out of Your Taxes for the New Year Read More »
Millions of Americans count on a tax refund every year. After all, if you’ve been working a job for many years and receiving roughly the same tax refund, you’re going to assume you’re getting money back again. But you may have been surprised to see that when everything was said and done on 2018’s taxes,
Did You Get Less of a Refund than Last Year? Here’s Why Read More »
The federal personal income tax is the largest source of revenue for the U.S. government and funds everything from defense to schools to infrastructure projects. Almost every American is required to file federal income taxes and most have taxes withheld from each paycheck. The amount each individual pays varies depending on income, credits, and other
How You Can Use Tax Calculators to Your Advantage Read More »
