Internal Revenue Code Simplified

2021 FICA Tax Calculator

The FICA tax (Federal Insurance Contribution Act) is a social security tax. This tax is deducted at source i.e from…

The simple answer is No. Because pursuant to section 11051 of the Tax Cuts and Jobs Act (TCJA) law relating…

2021 Estimated tax calculator quarterly can help taxpayers estimate their quarterly tax payment easily. As you know , the extension…

Failure to deposit tax penalty calculator with FAQ lets user to compute easily the penalty to be imposed under IRC 6656(a)

Do you know that Internal Revenue Code allows a handsome tax credit for your expenditure on Research and Development (R&D)?…

The good news is that the federal solar investment tax credit has been extended with the signing of the Federal…

Easiest calculator for knowing how much child tax credit you can claim under the new American Rescue Plan Act

The American Rescue Plan (ARP) temporarily expands the Child Tax Credit (CTC) from $2,000 per child to as high as…

In accordance with its earlier announcement on March 17, the IRS issued detailed guidance on Monday about its postponement of…

Let me first elaborate on the “failure to deposit penalty” which is imposed on employers not paying payroll taxes within…

Easiest calculator for computing the third stimulus check amount , you are actually going to receive

Section 3101 of the Internal Revenue Code imposes a tax on wages earned by an employee. The responsibility to deduct…

Who is required to file a tax return? is a very common question among people earning less or having a…

The standard deduction is the hassle-free deduction under the Internal Revenue Code that is available to almost every taxpayer who…

W9 purpose ? W9 Form aptly named as Request for Taxpayer Identification Number and Certification is for collecting basic information…

2021 Tax filing season is starting 12th February, but the online allotment of IP PIN (Identity Protection Pin) through IRS…