Taxx Now 2 - 2019-2020 Updates
What's New
What Is TeleTax?
Recorded Tax Information is
available 24 hours a day, 7
days a week. Select the
number of the topic you
want to hear. Call
1-800-829-4477. Have paper
and pencil handy to take
notes.
Contact us:
832-754-5352
taxxnow2@yahoo.com
Revised 01/21/21

Standard Mileage Rates For 2021

56 cents per mile driven for business use

16 cents per mile driven for medical

14 cents per mile driven in service of charitable organizations.

IRS has launched an Instagram Account

Earned Income Tax Credit Assistant

https://apps.irs.gov/app/eitc/



Pay your taxes by Debit or Credit

https://www.irs.gov/payments/pay-your-taxes-by-debit-or-credit-
card


Who Must Pay Estimated Tax
Individuals, including sole proprietors, partners, and S
corporation shareholders, generally have to make estimated tax
payments if they expect to owe tax of $1,000 or more when their
return is filed.

Corporations generally have to make estimated tax payments if
they expect to owe tax of $500 or more when their return is filed.

You may have to pay estimated tax for the current year if your
tax was more than zero in the prior year. See the worksheet in
Form 1040-ES, Estimated Tax for Individuals, or Form 1120-W,
Estimated Tax for Corporations, for more details on who must
pay estimated tax.