Guide to Filing IRS Taxes 2023 - Taxes 2023 Update - Form W2
Video Topic:
Guide to Filing IRS Taxes 2023 - Taxes 2023 Update - Form W2
IRS Tax season 2023 has started and every individual is filing taxes. Houston.Tax brings the Beginners Guide to Filing Taxes 2023 for Texans and Houstonians.
One of the duties of life that cannot be avoided is tax filing. Individual tax returns are required to be filed by everyone at some stage. The tax return filing process might be difficult for a first-time filer. If this is your first time doing taxes, this article will help you avoid making some of the most typical filing errors.
Determine if You Must File a Tax Return
Although this may have been your first year working, you should still check whether or not you need to file a tax return. You should include all of your earnings, even if they came from unconventional sources like gigs or freelancing. Filing is mandatory if you fall into one of the following categories; however, there are several exceptions to these laws:
You filed as a single person and made over $12,950 in 2022.
If you and your spouse are under 65 years old, you have married filing jointly, and making at least $25,900 in 2022.
With one partner being under 65 and the other over 65, you filed as a married couple and made at least $27,300 in 2022.
You were the head of your household in 2022 and made at least $19,400.
If your parents help pay for your financial needs, and education or give you a monthly allowance, different rules apply. If this is true, your parent might be able to put you on their tax return as a dependent. Before you fill out your own tax return, you should ask your parents if they plan to put you on theirs as a dependent.
For more details watch the complete video. If you want to read our blog on Guide to Filing IRS Taxes 2023, then click the link below:
https://www.houston.tax/blog/beginners-guide-to-filing-taxes-2023-houston-tax-step-by-step-guide-for-texians-and-houstonites
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For requesting a Tax Service:
https://www.carts.houston.tax/first-touch/steps/intro-landing/
-------------------------------
For Requesting a bookkeeping Service:
https://www.carts.houston.tax/bookkeeping/steps/books-landing/
------------------------------
For more query Contact Us thru our email address:
contact@houston.tax
------------------------------
Call Us: (281) 404-0443
-----------------------------
For more information visit our website: https://www.houston.tax/
----------------------------
Below is the Timestamp of this video content:
00:00 - Guide to Filing IRS Taxes 2023 - Taxes 2023 Update - Form W2
00:37 - Determine if You Must File a Tax Return
01:01 - Figure out How to File
01:22 - Gather Your All Tax Info
02:27 - Do Not Miss the Deadline for Filing
03:01 - Houston.Tax Help Desk for First-Time Taxpayers
#irs #irstaxes #taxfiling #taxhelp #taxservices #usa #unitedstates #texas #houston #houstontexas #houstontx
00:04:42
00:02:50
Video Topic:
IRS Most Common Tax Forms 2022 - Wage and Tax Statement Form W 2 - W 4 Tax Form
Learn about the IRS tax forms you'll need to fill out next tax season to save yourself some time. This webpage will serve as a reference for the most typical tax return forms.
Wage and Tax Statement (Form W-2)
For employed taxpayers, the W-2 is one of the most typical IRS tax forms. This form keeps track of how much you made and how much you paid in taxes during the year. By the start of tax season, employers who withhold income for Medicare and Social Security are supposed to furnish a W-2 (no later than January 31).
Employee's Withholding Certificate (Form W-4)
Form W-4 will be sent to you to calculate how much federal income tax should be withheld from your paycheck. Substantial life changes occur that will influence your filing status, you should update this form (such as marriage).
Miscellaneous Income Form 1099-MISC
The miscellaneous income form is for taxpayers who earn money from rent, royalties, or other sources of income involving big payments from individuals or companies. The IRS will issue Form 1099-MISC to you.
Individual Income Tax Return (Form 1040) in the United States
This form establishes your filing status, basic deductions, credits, and, most crucially, how much you owe the IRS.
For more detail watch the complete video.
If you want to read a blog on IRS Most Common Tax Forms 2022 - Wage and Tax Statement Form W 2 - W 4 Tax Form then click the link below:
https://www.houston.tax/blog/the-2022-guide-to-help-you-understand-most-common-irs-tax-return-forms
For requesting a Tax Service:
https://www.carts.houston.tax/first-touch/steps/intro-landing/
For Requesting a bookkeeping Service:
https://www.carts.houston.tax/bookkeeping/steps/books-landing/
We are Xero Partners and offer free bookkeeping software with service or get 50% off for six months:
https://www.xero.com/us/partnerships/houston-tax/
For more query Contact Us thru our email address:
contact@houston.tax
Call Us: (281) 404-0443
For more information visit our website: https://www.houston.tax/
Below is the Timestamp of this video content:
00:00 - IRS Most Common Tax Forms 2022 - Wage and Tax Statement Form W 2 - W 4 Tax Form
00:15 - Wage and Tax Statement (Form W-2)
00:39 - Employee's Withholding Certificate (Form W-4)
00:53 - Miscellaneous Income Form 1099-MISC
01:17 - Individual Income Tax Return (Form 1040) in the United States
01:31 - U.S. Tax Return for Seniors, Form 1040-SR
01:55 - Certain Government Payments Form 1099-G
02:13 - Tuition Statement, Form 1098-T
#irs #tax #taxes #taxreturns #incometax #incometaxreturn #taxform #unitedstates #texas #houston
00:02:39
Today, we've got a topic that hits close to home for many of us - how to navigate the tricky waters of taxes when you're going through a divorce.
Divorce is never easy, both emotionally and financially. And guess what? It can also have a big impact on your taxes. But don't worry, we've got your back with some crucial tips to help you through it.
Number one, it's crucial to figure out the right way to file your taxes post-divorce. The key here is whether your divorce is finalized by the end of the tax year or not.
Depending on your situation, this decision can make a significant difference in your financial outcome.
Moving on to tip number two. If possible, consider selling assets jointly with your spouse before the divorce is finalized. This move can actually come with some surprising tax benefits, especially if it involves your primary residence.
It's all about maximizing those benefits while you still can.
Next up, tip number three. It's time to talk about the kids. Decide who will claim them for those all-important tax benefits. Filing jointly might be the way to go, as it can help split those advantages.
For more details watch the complete video. If you want to read our blog on Filing IRS Taxes During Divorce then click the link below:
https://www.houston.tax/blog/filing-irs-taxes-during-break-up-important-blog-for-dallasites
Rehan Akram
Video Topic:
Guide to Filing IRS Taxes 2023 - Taxes 2023 Update - Form W2
IRS Tax season 2023 has started and every individual is filing taxes. Houston.Tax brings the Beginners Guide to Filing Taxes 2023 for Texans and Houstonians.
One of the duties of life that cannot be avoided is tax filing. Individual tax returns are required to be filed by everyone at some stage. The tax return filing process might be difficult for a first-time filer. If this is your first time doing taxes, this article will help you avoid making some of the most typical filing errors.
Determine if You Must File a Tax Return
Although this may have been your first year working, you should still check whether or not you need to file a tax return. You should include all of your earnings, even if they came from unconventional sources like gigs or freelancing. Filing is mandatory if you fall into one of the following categories; however, there are several exceptions to these laws:
You filed as a single person and made over $12,950 in 2022.
If you and your spouse are under 65 years old, you have married filing jointly, and making at least $25,900 in 2022.
With one partner being under 65 and the other over 65, you filed as a married couple and made at least $27,300 in 2022.
You were the head of your household in 2022 and made at least $19,400.
If your parents help pay for your financial needs, and education or give you a monthly allowance, different rules apply. If this is true, your parent might be able to put you on their tax return as a dependent. Before you fill out your own tax return, you should ask your parents if they plan to put you on theirs as a dependent.
For more details watch the complete video. If you want to read our blog on Guide to Filing IRS Taxes 2023, then click the link below:
https://www.houston.tax/blog/beginners-guide-to-filing-taxes-2023-houston-tax-step-by-step-guide-for-texians-and-houstonites
----------------------------------
For requesting a Tax Service:
https://www.carts.houston.tax/first-touch/steps/intro-landing/
-------------------------------
For Requesting a bookkeeping Service:
https://www.carts.houston.tax/bookkeeping/steps/books-landing/
------------------------------
For more query Contact Us thru our email address:
contact@houston.tax
------------------------------
Call Us: (281) 404-0443
-----------------------------
For more information visit our website: https://www.houston.tax/
----------------------------
Below is the Timestamp of this video content:
00:00 - Guide to Filing IRS Taxes 2023 - Taxes 2023 Update - Form W2
00:37 - Determine if You Must File a Tax Return
01:01 - Figure out How to File
01:22 - Gather Your All Tax Info
02:27 - Do Not Miss the Deadline for Filing
03:01 - Houston.Tax Help Desk for First-Time Taxpayers
#irs #irstaxes #taxfiling #taxhelp #taxservices #usa #unitedstates #texas #houston #houstontexas #houstontx
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