FAQ

What is the estate tax exemption

What was the estate tax exemption in 2019? The Internal Revenue Service announced today the official estate and gift tax limits for 2019: The estate and gift tax exemption is $11.4 million per individual, up from $11.18 million in 2018. What is the federal exemption for estate tax? The Tax Cuts and Jobs Act (TCJA) doubled the estate tax exemption…

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FAQ

How long for direct deposit tax refund

How long does it take for IRS to direct deposit tax refund? If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If you file your return electronically, your refund should be issued in less than three weeks, even faster when you…

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FAQ

How to file a tax amendment

Is it bad to file an amended tax return? Are you concerned that if you file an amended return that it will trigger an IRS audit? If so—don’t be. Amending a return is not unusual and it doesn’t raise any red flags with the IRS. In fact, the IRS doesn’t want you to overpay or underpay your taxes because of…

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FAQ

What is tax in ohio

What is the sales tax in Ohio 2019? 5.75% How much tax do you pay in Ohio? Ohio has a progressive income tax system with eight tax brackets. Rates range from 0% to 4.797%. For all filers, the lowest bracket applies to income up to $21,750 and the highest bracket only applies to income above $217,400. What is not taxed…

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