Federal Tax Instructions for Form 1040A
IRS tax form 1040A instructions help taxpayers figure the income tax they owe. Taxpayers can use the 1040A with income less than $100,000, no dependents and itemized deductions. For 2018, taxpayers will not be able to use the 1040A because the IRS has consolidated this form with ...
Who Is Exempt From Social Security Tax?
Americans began to pay Social Security taxes in January of 1937, and the first retirement benefits were distributed at the same time. Today, employees and self-employed individuals in the United ...Read More
How to Look Up a Federal Tax Lien
A federal tax lien can disrupt your ability to sell your home or get credit. However, there are things you can do to avoid a lien. If you aren't sure whether a lien has been placed on your property ...Read More
Definition of HSH Income
The Internal Revenue Service defines HSH income as income earned by some household employees. According to IRS rules, the HSH designation applies if the employee didn't earn enough to require you to ...Read More
The 529 Massachusetts Tax Break
Massachusetts state tax law and the IRS offer several benefits for 529 savings plans. The money that you put in a 529 plan and its earnings are not taxed by the feds or the state of Massachusetts. ...Read More
Gross Income vs. Federal Taxable Gross
Individual income taxes are the primary source of revenue that funds the operation of the federal government. Fortunately, not all of your income is subject to taxation. The Internal Revenue Service, ...Read More