Tax Day 2024 and How to Get an Extension from the IRS
Tax Day is on Monday, Apr 15, 2024. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!
It's your last day at work. Will you be going home with your paycheck?
It’s your last day at work, whether you quit or not. You’re leaving with your last paycheck in hand, right?
Not necessarily. At the federal level, your final paycheck must be given to you by the next regular pay day. If you receive it sooner than that is completely up to the state in which you’re employed. Who initiated the termination makes a difference as well. Some states, such as Florida, Georgia, and Alabama, have no laws in place, leaving it up to the employer. Confusing? Consider some examples:
Another question that arises with final paychecks centers around vacation time: Will you be paid that amount or not? Again, it depends by state. Some states will cash out vacation or PTO, while others enact a “use it or lose it” policy. The best thing to do when faced with these inquiries is to research the procedures on the state level - and you can find each state's unique law here.
Tax Day is on Monday, Apr 15, 2024. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!
IRS has updated tax brackets for 2024. See how this affects your first paycheck this year!
Check out the updated 2024 Federal benefit limits for 401(k), HSA, and simple IRA, and more. Stay informed and plan your finances with confidence!