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Here’s the New 2019 W-4 Form!

2019 w4

The IRS has released the W-4 form for 2019

Due to the Tax Cuts and Jobs Act, the IRS has updated the W-4 to reflect the many tax changes. You may be wondering if there will be major differences.

Here’s the breakdown

Right off the bat, when comparing the 2018 W-4 and 2019 W-4, it looks similar. However, there are changes in income thresholds along with calculations. This also applies to changes from tax credits to allowance tables for two-earners/multiple job holders.

Personal Allowances Worksheet

To calculate your allowances, the first sheet you see is the Personal Allowances Worksheet. Typically, taxpayers with a simple tax situation who do not need to itemize, have no dependents and only work only one job just fill in this first sheet and leave everything else blank. Continue reading “Here’s the New 2019 W-4 Form!”

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What is the Premium Tax Credit & Am I Eligible?

premium tax credit

Health insurance can be pricey.

Luckily, you can get a refundable tax credit just for purchasing health insurance through the Marketplace.

Keep reading to find out how you qualify.

What is the Premium Tax Credit (PTC)?

First, individuals and families with low to moderate income homes can receive a refundable credit (meaning you can receive a refund if it exceeds your tax) to afford their health insurance.

Eligibility

In order to qualify for the PTC, you must meet the following: Continue reading “What is the Premium Tax Credit & Am I Eligible?”

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Can I Still Claim My 2015 Refund?

2015 refund

The window is closing to claim your prior year refund.

Luckily for you, this is the last year to claim your 2015 refund. However, you can only claim your refund if you fit within the time-frame of the IRS’ Statute of Limitations. You have three years from the original tax deadline due date to claim a refund for your tax year.

Read on to find out what you need to do to claim your refund.

Can I still e-file my 2015 return?

Continue reading “Can I Still Claim My 2015 Refund?”