Best Bookkeeping Services in Bethlehem, PA

City Wage Tax should be deducted from your paycheck if you are a Philadelphia resident with taxable income. If you are a non-resident and you the City Wage Tax is not deducted in your paycheck, you are liable to pay Earnings Tax.

Should you opt to round some entry, you need to make use of rounding on all types and schedules you incorporate with your return. Utilizing this strategy is pretty simple, though a specific rule applies if you include multiple things in a line entry calculation. Round quantities of fifty cents or even more up to the next entire dollar. For instance, in case your real quantity is $100.70, get it into $101.00. Round quantities of under fifty cents down to the next entire dollar. For instance, if you have $200.34, you should enter $200.00 instead.

In case you paid more than you really owe, then IRS might issue a tax refund for you. If you want to know if you qualify for a refund, check and compare your past payments, along with any applicable credits to your income tax due. If the former is much more than the latter, you might get a tax refund.