Most Americans realized that a tax act was passed in 2017 that impacted the 2018 tax year (i.e. tax returns that will be filed in 2019). Note, your 2017 tax return will not be affected. On January 11, 2018, the IRS issued Notice 1036 which updated income tax withholding tables. Did Your Paycheck Change in February 2018? The new update […]
Taxes must be paid on income you earn or receive during the year, either through withholding or estimated tax payments. Note, you may be required to make both federal and state estimated tax payments. The following discussion centers around federal tax law; a separate analysis would have to be conducted for each state in which […]
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