The Consumer Financial Protection Bureau (CFPB) has recently brought to light troubling allegations against retail giant Walmart and the work-scheduling app Branch Messenger. The class action-type lawsuit accuses these companies of exploiting delivery drivers by compelling them to use substandard deposit accounts, seemingly as a means to control payments and accumulate fees. This unprecedented legal
Gig Economy
As we approach the second-quarter estimated tax deadline for 2024 on June 17, it is crucial to understand the significance of making timely payments to avoid penalties. The IRS mandates that individuals who earn income without withholdings, such as from contract jobs, freelancing, gig economy work, or small businesses, must make quarterly estimated tax payments.
During this tax season, over 140,000 taxpayers were able to successfully file their returns using the IRS Direct File program. This program, which is free of charge, was available to certain taxpayers in 12 states starting in early March. According to the U.S. Department of the Treasury and the IRS, filers using Direct File saved
When it comes to filing taxes, many individuals are quick to rush through the process without considering the April 15 deadline for first-quarter estimated tax payments. These payments are essential for individuals who earn income from gig economy work, freelancing, small businesses, retirement, or investing, where there are no tax withholdings in place. If you
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As the April 15 federal tax deadline approaches, the Internal Revenue Service (IRS) has announced significant updates to its Direct File program. Introduced on March 12 as a pilot program in 12 states, Direct File now allows users to import crucial details necessary to verify returns before filing. This adjustment aims to simplify the e-filing