Taxes
Wealthy Americans Rushed to Take Advantage of Huge Tax Break
Nancy Dunham on January 29, 2014
They thought the tax break on $5 million in nontaxable gifts would end in 2012, but Congress extended it and made it bigger.
Tax Hacks: Paying a Pro to Do Your Taxes? Read This First
Stacy Johnson CPA on January 10, 2016
The majority of Americans pay a tax professional to do their taxes for them. Since this is a job many can do themselves in minutes, a lot of people are wasting a lot of money. But if you’re going to pay a pro, here’s how to get your money’s worth.
Using TurboTax? Here’s How to Increase Your Tax Refund up to 10 Percent, Free
Stacy Johnson CPA on January 23, 2014
Use TurboTax, and you can get 5 or 10 percent added to your federal tax refund, free. The one catch? You have to take it on an Amazon gift card.
Tax Hacks 2014: 8 Tips to Avoid an Audit
Allison Martin on January 22, 2014
While fewer than 1 percent of all tax returns are audited, there’s no guarantee you won’t appear on the IRS’ radar. Check out these tips for a few ways to reduce your chances of being selected by the IRS.
Tax Hacks 2014: 5 Ways to Get Free Help With Tax Prep
Allison Martin on January 15, 2014
Americans spend an average of $261 to get an itemized federal and state tax return done. Check out these tips to get free help with your return this year.
South Dakota Is a Popular Tax Haven for the Wealthy
Allison Martin on January 2, 2014
You don’t have to live in South Dakota, or even visit, to take advantage of its tax-friendly trust laws, Bloomberg says.
5 Purchases to Squeeze in Before the End of the Year
Maryalene LaPonsie on December 24, 2013
You could miss out on tax credits and more if you don’t make these five last-minute purchases.
The Wealthy Pay All of the Taxes? Humbug!
Allison Martin on December 16, 2013
Once again the argument has surfaced that the wealthy are shouldering an unfair tax burden.
These 8 Tax Breaks Are About to Expire
Marilyn Lewis on December 10, 2013
If Congress doesn’t come up with a last-minute rescue, these tax breaks are going away at the end of the year.
Mortgage Interest Deduction and Other Homeowner Tax Breaks Are Safe — for Now
Marilyn Lewis on November 8, 2013
Any plans to do away with the mortgage interest deduction and other tax breaks some homeowners enjoy aren’t likely to pass Congress in the next year.
Tax the Well-to-Do More for Social Security, Many Older Americans Say
B.T. Ballenger on November 4, 2013
There’s a lot of support to raise the cap on how much income can be taxed for Social Security. What do you think?
Most Americans Must Now Pay Sales Tax on Amazon Purchases
B.T. Ballenger on November 4, 2013
Consumers in Massachusetts, Connecticut and Wisconsin are the latest to be hit with an Amazon sales tax. Other states will be affected next year. Does it make you want to shop there less?
Some States Want to Tax You Per Mile You Drive
B.T. Ballenger on October 28, 2013
Several state and local governments want to swap a gas tax for a pay-per-mile tax — using a little black box to track your car’s movements.
Missing a Tax Refund? Blame the Government Shutdown
B.T. Ballenger on October 9, 2013
The IRS won’t issue refunds during the federal government shutdown, but the filing extension deadline still applies.
9 Things You Need to Know About the Debt Ceiling
Trisha Sherven on October 3, 2013
Seeing Congress gridlocked over the federal budget is one thing. Having them unable to reach an agreement on raising the debt ceiling is something else entirely.
Government Shutdown: Are You Affected?
B.T. Ballenger on October 1, 2013
Yes, you are. But how much depends on where you work and what you’re doing in the next few weeks.
Automatic 18 Percent Tips for Large Parties on the Way Out
B.T. Ballenger on September 9, 2013
The IRS is changing the rules on forced tips for big groups, and restaurants might ditch them to avoid tax complications.
More Will Pay Federal Income Tax This Year
B.T. Ballenger on September 3, 2013
The number of those who pay no federal income tax is expected to drop to 34 percent of households in 10 years.
How New IRS Rules Affect Married Same-Sex Couples
B.T. Ballenger on August 30, 2013
Ah, the freedom to give money to the government — together. New IRS rules apply to all married same-sex couples, no matter where they live.
Do You Mind Big CEO Paychecks? Because You’re Helping Pay Them
B.T. Ballenger on August 2, 2013
The U.S. tax code lets businesses deduct billions of dollars for executive compensation. Two senators want that to stop. What do you think?
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