Hurricane Ian victims throughout Florida now have until Feb. 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
Sales tax in the US can vary by state or city, but is generally about 4% to 8% of the item's retail price, imposed when you check out.
Home improvements on a personal residence are generally not tax deductible for federal income taxes, but there are some special circumstances.
Standard deduction amounts are used as a benchmark for tax filing, but there are other reasons to submit a return.
If you want to be paid, refusing to hand over a Form W-9 can be a mistake. If a payor fails to collect your W-9, they may withhold taxes, even if you are not an employee. This “backup withholding” at 24% is the usual consequence of refusing to hand over a W-9 and is a nightmare on your taxes.