Employers who hire people from certain groups can reduce the tax they owe when they claim the Work Opportunity Tax Credit on their federal tax return. To claim the credit, an employer must first get certification an individual is eligible. This credit is extended...
taxes
Access retirement funds in a disaster
The SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their retirement savings. Eligibility A taxpayer may be eligible for relief that provides for expanded access to their retirement funds if their...
Why does my W-2 form look different than my last pay stub?
This is a question that employers frequently receive from their employees, especially during tax season. When the beginning of a new year rolls around and people begin to receive their W-2 forms, they might notice a difference in the amounts shown on their end of year...