Inherited Money and Taxes: What Beneficiaries Actually Owe
Most beneficiaries don't owe federal inheritance tax—here's what actually triggers a bill and how state laws affect what you keep.
Three Ways to File Your Tax Return
This year, your tax return must be filed by April 15 in order to avoid penalties for late filing or payment. Filing your tax return is never a fun thing.
Federal Tax Rates for 2012
You can now plan your retirement without the uncertainty that has epitomized estate tax planning in the form increasing tax rates and rising complexity.
Get Your Tax Documents Organized to See If You’ll Get a Tax Refund?
Getting that tax refund from Uncle Sam has become an expected yearly income for many, so this year may be a surprise for some when it comes tax time.
2012 Estate Tax Changes
After almost 12 years of constant changes in the estate tax, ATRA creates certainty on the estate and gift tax.
The American Opportunity Tax Credit for College Tuition
The American Opportunity Tax Credit is a credit that is worth as much as $2,500 for each student.
Adoption Credit and Assistance Made Permanent
Adopting a child can be very expensive, but the government gives adoptive parents a break by allowing for tax relief for the costs associated with adoption.
New Healthcare Taxes: Hospital Insurance Tax on High-Income Individuals
The hospital insurance tax is a payroll tax that is deducted from a person’s paycheck, and it is most commonly known as the Medicare tax.
Expiration of the Payroll Tax Holiday
Social security is funded by payroll tax, which means that money is taken out of your paycheck in order to fund the retirement program.
Changes in The Itemized Deduction for Medical Expenses
One thing that is clearly materializing, however, are a host of new limitations on deductions that effectively increase the medical expenses for many.
Reinstatement of Charitable Distributions from the IRS
Under the reinstated rules for charitable distributions, Americans are permitted to make a gift to a charity up to $100,000 per year directly from their IRA
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