The IRS recently reminded taxpayers about the new tax-reporting threshold when receiving payments through mobile payment apps like Venmo or PayPal. If you receive $600 or more from these third-party payment platforms for work, side jobs, or selling goods, you’ll get a Form 1099-K in January.
Child care can be costly but there are a few ways families can cut the expense of child care such as claiming the Child and Dependent Care Tax Credit when they file their personal tax returns. With an expanded credit for this filing season, it is a tax-savings opportunity not to miss.
The pandemic, staffing shortages, and tax law changes have all helped create a massive backlog in resolving tax notices as well as processing income tax returns and estimated tax payments. What can household employers expect?
Due to the pandemic, the IRS has extended the time individuals have to file their tax returns. Tax day has been moved to May 17, 2021. Here’s what you need to know.
It’s that time of year again. Here’s what you need to know if employed someone to work in your home last year and how to file your nanny taxes in 2021.
The IRS recently released a draft of the 2020 Schedule H, which a family files with their personal tax return to report household employment taxes. The draft reconciles tax credits taken for qualified paid leave related to the pandemic. Here’s what household employers need to know.
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