(Tax Year 2024 – Filed in 2025) Overview Yes, you can file your taxes without a W-2 but only under specific conditions. If your employer failed to provide Form...
(Tax Year 2024 – Filed in 2025) Overview By law, employers must send Form W-2 (Wage and Tax Statement) to employees by January 31, 2025. If you haven’t received...
(Tax Year 2024 – Filed in 2025) Overview If you are a W-2 employee, your employer is required to send you Form W-2 by January 31, 2025. This form...
(Tax Year 2024 – To Be Filed in 2025) Overview The IRS requires businesses to report income paid to workers using different forms based on the nature of the...
Tax Year 2024 – To Be Filed in 2025 Overview IRS Form W-2, Wage and Tax Statement, is a mandatory form that employers must provide to employees each year....
Introduction Many retirees are surprised to learn that Social Security benefits may be taxable. Depending on your total income, up to 85% of your Social Security could be subject...
Introduction The IRS standard deduction is a key tax benefit that reduces taxable income, lowering the amount of taxes owed. Each year, the IRS adjusts the standard deduction to...
 Introduction Pension and annuity payments provide retirement income, but their taxation depends on how the contributions were made—whether pre-tax or after-tax dollars were used. This guide explains when pension...
 Introduction Individual Retirement Accounts (IRAs) allow individuals to save for retirement with tax benefits. However, when funds are withdrawn, different tax rules apply based on account type (Traditional or...
 Introduction Form 8919, Uncollected Social Security and Medicare Tax on Wages, is used by workers who were misclassified as independent contractors instead of employees. Filing Form 8919 ensures that...