Net investment income tax calculator is an easy and fast way to see if you owe Medicare tax because you have income from capital gains, interest, dividend exceeding a threshold specified under the Internal Revenue Code. This extra medicare tax...
Read moreLet us talk of a very common scenario. You filed your tax return within due time and paid taxes fully as per your return. However, suddenly, one fine morning, got a notice titled Notice CP2000. That notice basically states that...
Read more2021 Estimated tax calculator quarterly can help taxpayers estimate their quarterly tax payment easily. As you know , the extension to May 17, 2021 for individuals to file their 2020 federal income taxes does not apply to estimated tax payments.If...
Read moreEasiest calculator for knowing how much child tax credit you can claim under the new American Rescue Plan Act
Read moreThe American Rescue Plan (ARP) temporarily expands the Child Tax Credit (CTC) from $2,000 per child to as high as $3,600 for the 2021 tax year. The ARP also enhanced eligibility. It added one year to the threshold age of...
Read more2022 mileage reimbursement calculator is based on just announced optional standard mileage rates for calculating the deductible costs of operating a motor vehicle for business, charity or for medical purposes. The most important point to note is that the IRS...
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