Certain life events can impact your tax filing status and amount of refund. We have all the information you need to make the correct decisions.
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Take the guesswork out of your taxes. TurboTax has all of the tips, estimators, calculators and other helpful information you need to file your taxes.Visit the Tax Resource Center
Get guidance on federal income tax requirements for estimated taxes to accurately pay what you owe.
Whether you do contract work or have your own small business, tax deductions for the self-employed can add up to substantial tax savings.
If your business claims a net loss for too many years, or fails to meet other requirements, the IRS may classify it as a hobby, which would prevent you from claiming a loss related to the business. If the IRS classifies your business as a hobby, you'll have to prove that you had a valid profit motive if you want to claim those deductions.
Need more information on Individual Retirement Accounts (IRAs)? IRS Publication 590 covers it all.
The IRS can garnish your wages if back taxes are owed, but they must follow stringent guidelines.