What Are The Penalties For Not Paying Taxes On Time

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...
What are the Tax Breaks for 2019 in the US?

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%...
How To Calculate Social Security Wages?

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...
What are the State Taxes in California?

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...
How to Estimate Federal Taxes

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...