A NY-based employer provides an annual stipend of $2500 to employees for remote work equipment. The stipend is processed through payroll with federal and state taxes deducted, and employees receive annual W2s. Is it correct that federal and state taxes be deducted from the $2500 stipend, and is it correct to treat it as taxable compensation?

July 21st, 2024

I have not received my federal income tax refund yet, even though I filed on January 28th of this year. I am located in Yarmouth, Maine, I am 70 years old, and I file as head of household. My income this year was approximately $23,000. What should I do to track my refund and what other options do I have?

March 11th, 2023

When will I receive my Social Security payment this month?

July 29th, 2023

I have an IRA with Truist and need to collect my Required Minimum Distribution (RMD) for 2022. How can I do this, and is visiting a Truist branch the best way?

December 2nd, 2023

I contributed $6000 to a Roth IRA but my income exceeds the limit, making the contribution ineligible. I contributed this in August 2022 and want to resolve this before filing my taxes. Can I remove the money without a penalty, and if so, what are the steps to do this?

June 25th, 2024