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What else can I help you with?
Is EFTPS a legitimate platform for making electronic federal tax payments?
Yes, EFTPS (Electronic Federal Tax Payment System) is a legitimate platform approved by the U.S. Department of the Treasury for making electronic federal tax payments.
Can making a large payment towards your principle lower your car payments?
Yes.
When do you have to pay federal taxes?
You have to pay federal taxes on your income, typically through withholding from your paycheck or by making estimated payments throughout the year.
How can I pay my mortgage off quickly?
The best way to pay of your mortgage earlier is to make additional payments soley towards the principle of your loan. Also you could shave off years of payments by making bimonthly payments.
How do you pay federal taxes and what are the different methods available for making payments?
Individuals can pay federal taxes through various methods, including online payments, electronic funds withdrawal, credit or debit card payments, check or money order, and cash payments at designated locations. These methods offer flexibility and convenience for taxpayers to fulfill their tax obligations to the government.
What are the different options for making payments on loans?
There are several options for making payments on loans, including making monthly payments, setting up automatic payments, making extra payments to pay off the loan faster, and refinancing the loan to potentially lower the interest rate.
If you are making you monthly payments on your student loan can you still get your income tax at the end of the year?
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
When does a private student loan have to be paid back?
This depends on the type of loan that you took out. Most federal student loans ask that you start making payments after you graduate.
Federal Student Loan Payment Based on Income?
Borrowers who enter the repayment period on their student loans, but have trouble affording their payments have an option. The federal loan service allows borrowers to make payments on their student loans based on their income. Borrowers must submit records of their income to qualify for income-contingent payments. The lender will evaluate the borrowers' income and set their payment amount accordingly. Borrowers still accrue interest during the period of time that they are making income-contingent payments. However, borrowers may still save money by making these lower payments if they do so in a timely manner, thereby avoiding earning late fees or defaulting on payments.
What is the difference between making biweekly mortgage payments and making extra principal payments?
Making biweekly mortgage payments involves paying half of your monthly mortgage payment every two weeks, resulting in 26 half payments per year instead of 12 full payments. This can help you pay off your mortgage faster and save on interest. On the other hand, making extra principal payments involves paying additional money towards the principal balance of your mortgage, which can also help you pay off your mortgage faster and save on interest. In summary, the difference is in the frequency and structure of the payments, but both methods can help you save money and pay off your mortgage sooner.
Can you explain how loan payments work?
Loan payments work by the borrower repaying the borrowed amount plus interest over a set period of time. Each payment typically covers a portion of the principal amount borrowed and the interest accrued. The total amount borrowed is divided into equal payments over the loan term, with a portion going towards the principal and a portion towards the interest. The borrower continues making these payments until the loan is fully paid off.
What is a w-9 form?
The W-9 is an IRS Request For Taxpayer Identification Number form. A company making payments to a person/company may be required to file an IRS information return (such as a form 1099) about those payments. In order to complete that return, they need to know the recipients federal taxpayer number. So the company making the payments sends a W-9 to the person receiving the payments. That person completes the W-9 and returns it to the company.
