Checking Withholding Can Help Taxpayers Decide If They Need to Give Their Employer a New W-4 All taxpayers should review their federal withholding each year to make sure they’re not having too little or too much tax withheld.
Give Employer a New W-4 Read More »
The IRS released Frequently Asked Questions (FAQ) to provide temporary relief to employers who operated van pools but experienced reduced ridership due to the Coronavirus (COVID-19) emergency. For this purpose, the emergency is considered to have begun on March 13, 2020.
IRS Clarifies COVID-19 Relief for Van Pools Read More »
American Rescue Plan tax credits available to small employers to provide paid leave to employees receiving COVID-19 vaccines; new fact sheet outlines details
American Rescue Plan Tax Credits Available to Small Employers Read More »
Treasury Department and IRS provide safe harbor for small businesses to claim deductions relating to first-round Paycheck Protection Program loans
Treasury Department and IRS Provide Safe Harbor for Small Businesses Read More »
The premium tax credit helps pay for health insurance coverage bought from the Health Insurance Marketplace. Eligible people can choose to have all, some, or none of the estimated credit paid in advance directly to their insurance company on their behalf.
IRS Suspends Requirement to Repay Excess Advance Payments of the 2020 Premium Tax Credit Read More »
Since many taxpayers have filed their federal tax returns, they’re eager for details about their refund. When it comes to refunds, there are several common myths that can mislead taxpayers.
Where’s My Refund? Read More »
Certain items of income are not subject to New Jersey tax and should not be included when you file a New Jersey return.
NJ Income Tax – Exempt (Nontaxable) Income Read More »
The Internal Revenue Service reminds taxpayers about the rules for required minimum distributions (RMDs) from retirement accounts.
Recent Changes to Retirement Plans Read More »
Many of the tax provisions in the American Rescue Plan Act of 2021 are extensions of existing provisions and are meant to provide immediate assistance to individuals and businesses affected by the COVID-19 pandemic.
Tax Implications of the American Rescue Plan Act of 2021 Read More »
The IRS and Congress have provided COVID-19 relief for flexible spending account plans (FSAs).