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How do I pay federal taxes in advance?

You may send estimated tax payments with Form 1040-ES, Better yet; you can pay online, by phone or from your mobile device using the IRS2Go app. Visit to ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How much can you make and not file a tax return?

The minimum income amount depends on your filing status and age. In 2020, for example, the minimum for single filing status if under age 65 is $12,400. If...

Is honorarium treated as salary?

PF authorities always considered Honorarium as Salary. If your organization falls under the PF Act, and regular payments are made to the staff, PF should ...

What is the maximum taxable income for FICA?

En español | The maximum taxable income for Social Security for 2021 is $142,800. If you make more than that from work, the excess won’t be subject to FIC...

Do you need an HGV license to drive a fire engine?

Fire fighters will need to pass their Category C licence (that’s to say HGV) to be able to drive a fire engine on the public roads. Do I need an operators...

Do you get more taxes back if your head of household?

The head of household status can lead to a lower taxable income and greater potential refund than the single filing status, but to qualify, you must meet ...

What is the meaning of Roman word famulus?

a servant The word family has been taken from the Roman word ‘famulus’ meaning as a servant. Mark and young have defined family as “The family is the basi...

Do you have to pay taxes on poker tournament winnings?

Gambling income is almost always taxable income. This includes cash and the fair market value of any item you win. By law, gambling winners must report al...

When did additional Medicare tax start?

2013 Additional Medicare Tax went into effect in 2013 and applies to wages, compensation, and self-employment income above a threshold amount received in ...

Does unemployment count as taxable income?

The IRS considers unemployment compensation to be taxable income—which you must report on your federal tax return. If you received unemployment benefits t...