Financial News, Tips & More!
What Are The Penalties For Not Paying Taxes On Time
Taxes are due on the 15th of April every year. If you pay your taxes late you’ll be subject to a 3% penalty, as well as possible wage garnishment and much more. At Tax Crisis Institute we specialize in helping individuals and families with the complications from unfiled or...
What is The Average Tax Rate in The US
Knowing what the average tax rate is in the United States seems like an easy question to answer right? However, the U.S. progressive tax system makes it difficult to pin down what an ‘average’ taxpayer pays yearly on taxes. Taxes can be difficult but, here’s a guide from the...
What are the Tax Breaks for 2019 in the US?
Here at Tax Crisis Institute (TCI) we are here to help you navigate the tax laws of 2019. There’s a lot of changes that have been happening in the world of taxes and with the date of April 15 fast approaching. Tax breaks happen at several intervals. Starting with 12% and going...
How To Get Tax Relief From The IRS
Navigating the IRS and tax laws is no easy task. If you owe the IRS back taxes, interest or IRS penalties you may be in a lot of debt for your taxes. To make the situation even worse, tax lawyers are often expensive. These lawyers tend to charge a large amount for their...
How To Calculate Social Security Wages?
Social Security wages are part of the FICA (Federal Insurance Contribution Act) along with Medicare. These taxes are withheld by the employer so that they can pay these taxes to the IRS as required. Both Social Security and Medicare are withheld in this way. If you have any...
5 Ways to Budget Your Money
Budgeting your money is an important skill to help you have a successful future. Proper budgeting can help you save money, pay off debt, or help you realize big financial goals. The Tax Crisis Institute wants to help set you up for financial success and teach you how to budget...
What are the State Taxes in California?
California has some of the highest taxes in the entire country, so it’s important to understand what you’re being taxed for. The state’s sales and income taxes are higher than the national average while property tax rates are below the national average. One of our goals at The...
How Does Wage Garnishment Work?
If you’ve received a wage garnishment judgment then you might be wondering how does wage garnishment work. It can be a scary and stressful time as you possibly face losing some of your income. The Tax Crisis Institute is here to walk you through everything and make sure you...
How to Estimate Federal Taxes
With the end of the year quickly approaching, you might be wondering how to estimate federal taxes. This information will also help you going into a new year so that you can withhold more money from your paychecks if needed so you can avoid having to pay more. The Tax Crisis...
How Much Income Tax Do You Get Back?
Though not all Americans are okay with how income tax is spent, we all look forward to the time that we’ll receive a refund from Uncle Sam (the IRS). The thought of the Internal Revenue Service issuing you a refund is nothing more than an early Christmas present. The biggest...