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My Tax Refund Is Late. Does That Mean I'm Getting Audited?

The Motley Fool

Image source: The Motley Fool/Upsplash Many people wait until the very last minute to file their taxes. But there's a big benefit to getting your tax return done early -- having your refund hit your bank account sooner. But what if you submitted your taxes weeks ago and haven't seen that money hit yet? According to the U.S.

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Tax Cheats Beware: This IRS Program Makes Whistleblowing Lucrative

The Motley Fool

Treasury has enlisted the help of employees, attorneys, bookkeepers, family members and more to collect some of the estimated $1 trillion in unpaid taxes every year. Since then, the program has seen a handful of minor changes, most recently in 2019. For over 150 years, the U.S.

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Here Are the Workers Who Are Exempt From Paying Social Security Payroll Taxes

The Motley Fool

It's a byproduct of millions of people paying Social Security payroll taxes throughout their careers. Not everyone has to pay these taxes, however; some workers are exempt. How Social Security taxes work Social Security payroll taxes are collected under the Federal Insurance Contributions Act ( FICA ).

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2 Warren Buffett Stocks You Can Buy With This Year's Average $3,011 Tax Refund

The Motley Fool

Another tax day has come and gone, and refunds are always a focus of this tax season. He and his team waited until the first quarter of 2019 to invest in the e-commerce giant even though it has been trading since 1997. A price of about $110 per share makes it affordable for most income-tax-refund recipients.

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7 Little-Known Income Sources the IRS Expects a Piece Of

The Motley Fool

Image source: Getty Images The IRS is officially accepting 2023 tax returns, and in the next couple of months, we'll all have to explain to the government what we did with our money last year. You probably expect to pay taxes on the income from your job or retirement account withdrawals if you've already left the workforce.

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3 New Required Minimum Distribution (RMD) Rules Everyone Must Know Before the End of 2024

The Motley Fool

One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. You won't owe any income taxes on contributions in the year you make them. But you can't defer those income taxes forever. 31, 2019, you can still execute the stretch IRA. 31 of every year).

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Here Are Two Major Social Security Changes Retirees Need to Know Heading Into 2025

The Motley Fool

2018 2% 2019 2.8% More income will be subject to Social Security taxes in 2025 Most U.S. workers spend their careers paying Social Security payroll taxes. Social Security tax, paying 6.2% This means more income of some workers will be subject to Social Security payroll taxes. 2016 0% 2017 0.3%

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