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News
  • By admin
  • May 14, 2022

IRS insists destruction of 30 million files of taxpayer data won’t affect payers

An audit revealed the IRS has destroyed data for millions of filers, sparking anger from the tax community. Filers won’t …

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News
  • By admin
  • May 12, 2022

What Is the FICA Tax?

Learn the rates to see how the FICA tax applies to your income. FICA stands for the Federal Insurance Contributions …

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News
  • By admin
  • May 9, 2022

Over 60 million tax returns could be completed automatically, study shows

The findings show the agency could correctly auto-fill an estimated 62 million to 73 million returns with information it already …

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News
  • By admin
  • May 6, 2022

Wages up to $147,000 are currently taxed for Social Security. How that could change

As Social Security faces a benefit shortfall, lawmakers have a few changes to choose from to shore up the program …

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News
  • By admin
  • May 4, 2022

How the 2022 Tax Filing Season Was Different

More than two years into the pandemic, the tax world has yet to recover. Taxpayers and preparers alike were hoping …

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News
  • By admin
  • May 2, 2022

Amid inflation, IRS boosts health savings account contribution limits in 2023 for individuals, family plans

You can save $3,850 in 2023 with individual health insurance, up from $3,650 in 2022. If you’re eligible for health …

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