How to Fix Your Tax Withholding for 2019

The key to fixing your tax withholding is having the right information on file with your employer. The way that you set up your tax withholding at work is by using an IRS form called the Employee’s Withholding Allowance Certificate. Numbered Form W-4 by the IRS, this form looks deceptively simple, with just a handful of lines that seemingly includes mostly basic information about yourself and your personal and financial situation.

Source: How to Fix Your Tax Withholding for 2019

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Stuck With a Whopping Tax Bill? This Solution Might Work.

The IRS will work with filers who find themselves unduly burdened by taxes. It’s a concept known as an offer in compromise, and it effectively entails you offering — and potentially paying — a portion of your outstanding tax bill, as opposed to the entire sum you’re on the hook for.

Source: Stuck With a Whopping Tax Bill? This Solution Might Work.

Apple announces Apple Card credit card – The Verge

If you are like me and already use Apple Pay, then this is a nice addition. The Apple Card will be a credit card that you can link to Apple Pay. It will also offer a cash back. Apple is offering 2 percent cash back on purchases made through Apple Pay using an Apple Card, and purchases from Apple will get 3 percent cash back. Purchases made through the physical card will get just 1 percent cash back, though. This will work well in cashless places like The Grey Market here in Savannah, and the Mercedes Benz Stadium in Atlanta.Coming summer 2019.

Source: Apple announces Apple Card credit card – The Verge

Top 10 home office tax deductions: What you can and can’t deduct | cleveland.com

However, many self-employment deductions remain in place.Assuming you reviewed IRS Publication 587, “Business Use of Your Home,” and determined that you qualify, what are the home office expenses you can write off? They are covered in IRS Form 8829, “Expenses for Business Use of Your Home”, and the corresponding instructions. You will need to file Form 8829 with your taxes to claim your deduction.Expenses can be divided into two categories: direct and indirect expenses.

Source: Top 10 home office tax deductions: What you can and can’t deduct | cleveland.com