Resources - 123 Income Tax Inc.

When are My Taxes Due in 2024?

There are several tax deadlines to be aware of, including the federal deadline, your individual state deadline, and the late...

Apply Online for a Payment Plan

If you are a qualified taxpayer or authorized representative (Power of Attorney) you can apply for a payment plan (including...

Did You Contribute to a 401(k), IRA, or Retirement Plan? Here’s What You Need to Know for Tax Season

If you contributed to a 401(k), IRA, or another retirement plan this year, it can have a meaningful impact on...

Why Do We Pay Taxes?

Generally, people don’t like paying taxes. When their paycheck comes, they see that a large amount of money is taken...

What to Do If You’re Behind on Your Tax Payments

Falling behind on your taxes can feel overwhelming, but ignoring the problem will only make it worse. The good news?...

How Tax Services Support Small Business Owners

Small business owners can benefit from professional tax services. Learn how expert help keeps your business compliant and reduces taxes....

Did Your Income or Filing Status Change This Year? Here’s What You Need to Know for Tax Season

If your income or filing status changed this year, it can have a significant impact on your tax return. Many...

Get ready for the 2024 tax season

The 2024 tax filing season is over, but planning ahead can save you money and headaches. If there are any...

Major Tax Changes for 2024

Tax Brackets Increase for All Filing Statuses Your federal taxes are calculated based on the tax brackets for your filing...

Common Tax Filing Mistakes and How Professional Tax Services Help You Avoid Them

Filing your taxes may seem straightforward, but even small mistakes can lead to delays, penalties, or missed opportunities for savings....

Should I Do My Taxes if I Plan on Buying a Home?

If you’re planning to buy a home in the near future, one of the most important steps to take before...

The Benefits of Filing Your Taxes Early

Filing your taxes early can help you get your refund faster, avoid stress, and reduce the risk of fraud. Learn...

A Few Tips for First-Time Tax Filers

Filing your taxes for the first time can be intimidating. There’s a good chance you’ve heard people complain about having...

Did You Buy, Sell, or Receive Cryptocurrency, NFTs, or Digital Assets?

When preparing a tax return today, one of the most important questions taxpayers must answer involves digital assets. The Internal...

Maximize Your Tax Deductions: Top Tips for Individuals and Small Businesses

Tax season can be overwhelming, but it doesn’t have to be. One of the most effective ways to ease your...

Tax Service: 5 Most Frequently Asked Questions (FAQs)

Filing taxes can raise a lot of questions, especially for those unfamiliar with tax laws or specific financial situations. Whether...

What Happens If You Don’t File Taxes?

Filing your taxes is a responsibility most people must fulfill every year. However, some individuals may wonder what happens if...

What to Expect When You Use Professional Tax Services for the First Time

If you’ve never used professional tax services before, you might be wondering what the process looks like and whether it’s...

Did You Receive Payments Through Venmo, PayPal, Cash App, or Online Marketplaces? Here’s What You Need to Know

If you received payments through apps like Venmo, PayPal, Cash App, or online marketplaces this year, it’s important to understand...

How will the expanded child tax credit affect me?

For 2024, the total credit for eligible families rose to as much as $3,600 for each child under 6 and...