Taxpayers who use an Individual Taxpayer Identification Number should check to see if their number expires this year. If it does and they need to file a return in 2021, they should submit an application now to renew their ITIN. Doing this helps...
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People pay taxes on income through withholding on their paycheck or through estimated tax payments. Taxpayers who pay enough tax throughout the year can avoid a large tax bill and penalties when they file their return. Taxpayers should make...
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Municipal bonds represent an attractive investment for individuals looking for assets that provide tax-advantaged income. Interest payments from muni bonds aren’t subject to federal taxes. If the bonds are issued by the state in which the...
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Here are some of the most common tax mistakes filers make — and tips for avoiding them. 1. Making math errors. A simple math error could wreak havoc on your tax return. If you’re going to file a paper return, be sure to use a...
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