How do I fill out the W-4?
Gone are the days where you changed the exemptions to get a larger or smaller refund. The new design is to calculate the least amount of withholding so you end up with a zero refund. However, that rarely works because if you have 2 or more jobs during the year, married couple where both work, get divorce during the year, have other income (interest, dividends, etc.) or just want a larger refund. By using the IRS's secure Interactive Tax Assistant, it will calculate what you need for extra withholding, what you should write on each line, and if you like you download a filled out W-4 that you can give to your employer. To use the Interactive Tax Assistant to fill out a w-4 for you click here.
Do I need to file a return?
Maybe the answer is based on my variables. However, you can get your answer using the IRS's secure Interactive Tax Assistant. Remember the state will have its own filing requirements. To use the Interactive Tax Assistant to find out if you must file click here.
Are My Social Security or Railroad Retirement Tier I Benefits Taxable?
Social Security benefits are taxable on sliding scale from 0 to 85% of your benefits could be reportable. It depends on filing status and other income you have. However, you can get your answer using the IRS's secure Interactive Tax Assistant. Remember the state will have its own rules. To use the Interactive Tax Assistant to find out if your benefits are taxable click here. Need help here is quick video about ITA for Social Security
Still unsure, the team at Tom Keuler, CPA, with over 50 years of expertise, will help navigate the complexity of the every changing tax world. Let his team provide expert guidance to ensures error-free financial decisions, safeguarding you against government penalties and interest charges.
Your first appointment won't cost you anything, and there's no pressure to commit to anything afterward.