All taxpayers should check their withholding ASAP

By |2019-06-10T16:45:33+00:00June 10th, 2019|Blog, Tax Preparation|

Reposted from IRS Tax Tips: All taxpayers should check their withholding ASAP Issue Number:    Tax Reform Tax Tip 2019-73 All taxpayers should check their withholding – also known as doing a Paycheck Checkup – as soon as possible. They should do a checkup even if they did one last year. By checking their withholding, taxpayers can

Update to Missouri Withholding for 2019

By |2019-01-02T20:51:21+00:00January 2nd, 2019|Blog, Payroll, Tax Preparation|

Post taken from https://dor.mo.gov/business/withhold/2019 Withholding Tax and MO W-4 Changes In the 2018 legislative session, House Bill 2540 was passed and amended Section 143.171, RSMo, related to the federal tax deduction. Effective for tax year 2019, the federal income tax deduction taxpayers may claim is prorated based on the taxpayer’s federal adjusted gross income. In an

2019 Standard Mileage Rates Go Up

By |2018-12-17T15:30:42+00:00December 17th, 2018|Blog, Tax Preparation|

Reposted from IRS Newswire dated 12/14/2018 IRS issues standard mileage rates for 2019 WASHINGTON — The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the

How Your Income Affects Your Premium Tax Credit

By |2015-09-29T14:10:30+00:00September 29th, 2015|Blog, Tax Preparation|

IRS Tax Tip Issue Number: HCTT-2015-60 You are allowed a premium tax credit only for health insurance coverage you purchase through the Marketplace for yourself or other members of your tax family. However, to be eligible for the premium tax credit, your household income must be at least 100, but no more than 400 percent

Job Search Expenses May be Deductible

By |2015-08-27T13:19:38+00:00August 27th, 2015|Blog, Tax Preparation|

via IRS.gov - IRS Summertime Tax Tip 2015-24 People often change their job in the summer. If you look for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some key tax facts you should know about if you search for a new

Last-Minute Filing Tips

By |2015-04-10T09:34:30+00:00April 10th, 2015|Blog, Tax Preparation|

If you haven’t done your taxes yet, don’t despair. There’s no time like the present to prepare and file your 2014 tax return. Visit IRS.gov for tax tools and help that can make filing your tax return a bit less taxing. 1.    Don’t delay.  Don’t wait until the last minute to do your taxes. The