Are you wondering if you qualify for the economic impact payment? Follow this link to the IRS website to find out. Follow this link to the IRS "Get My Payment" application to check on the status of your payment, confirm your payment type (direct deposit or check), and enter or modify your bank account information on file with the IRS. Contact our team of advisors to learn more about how the CARES Act and economic impact payments may help you.
Nobody likes a surprise at tax time. For people who are not self-employed, a good way to ensure your payroll withholding is accurate is to review your most recent paystub and use the IRS tax withholding estimator tool. The tool is designed to help people review payroll withholding amounts and project the amount of refund or taxes owed at year-end. Using this tool can help eliminate future unwanted tax surprises and make changes to your payroll withholding when your financial
The President signed the Coronavirus Aid, Relief, and Economic Recovery Security (CARES) Act into law on March 27th. The new law authorizes $2 trillion in emergency stimulus funding in response to the COVID-19 pandemic. The law includes many provisions, but here is a list of the items that are most likely to impact you. Recovery rebates for families under specified income limits Penalty-free early withdrawals from qualified retirement accounts Suspension of 2019 required mini