Tax Schedule 2020

Federal Income Tax Schedule for Tax Season 2020

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How to Estimate Your Tax Refund

Income tax filing can be a dreaded event for some taxpayers, but if you are expecting a tax refund, it’s a good idea to know how much you could be getting back. Estimate your Tax Refund today!

The “Tax Refund Estimator” tax calculator can simplify the process for you and help provide a fairly reliable figure on your estimated tax refund.

This tax calculator can also help you determine whether you’ve underpaid taxes for the year, and if so, how much you will owe the IRS on April 15th.

If you’re getting a tax refund, this online calculator can help you plan how to use those funds most appropriately ― whether you want to pay-off some bills or start an investment account for yourself or your children. Use the “Tax Refund Estimator” to quickly and easily estimate how much you’ll be getting back as a tax refund, or whether you’ll need to pay Uncle Sam.  You will need to enter certain information into the tax calculator, including the items below. [Read more…]

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IRS Announces 2014 Tax Brackets

IRS Announces 2014 Tax Brackets

IRS Announces 2014 Tax Brackets, Standard Deduction Amounts And More

The Internal Revenue Service has announced the annual inflation adjustments for a number of provisions for the year 2014, including tax rate schedules, tax tables and cost-of-living adjustments for certain tax items.

These are the applicable numbers for the tax year 2014. That means the year that we are in now. They are NOT the numbers and rates that you’ll use to prepare your 2013 tax returns in 2014 (the season is starting late this year).  These numbers and rates are those you’ll use to prepare your 2014 tax returns in 2015. Got it? Good. Onto the highlights:

Tax Brackets. The big news is, of course, the new tax brackets. Here’s what’s on tap for 2014:

Read more about 2014 Tax Brackets here.

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First IRS Tax Payments Just Went Out

First IRS Tax Payments Just Went Out

First IRS 2014 Direct Deposits Just Went Out.

February 6th, 2014, 12:00A.M. the I.R.S. sent out thousands of tax payments to individuals who filed before January 31st, 2014. Some individuals who filed before January 31st, 2014 were not included in this due to the overflow of individuals who submitted their returns. Those individuals should watch the Where’s My Refund page and expect a payout on the next payout day being “on or before February 13th, 2014.”

Also a very important note: “if your payment was sent to like turbotax type where it has to go through another bank to take out fees then you have to wait until that bank opens and they will process them. Some banks are not open yet so check your accounts later this morning or afternoon.”

Please reply to this post when you submitted, were accepted, approved, and if you received your refund last night.