How a Retiree on a Fixed Income Can Legally Reduce Their Tax Bill
Once provisional income tops $34,000 single or $44,000 joint, up to 85% of Social Security gets taxed. Here's how to legally reduce taxes in retirement.
What is A Health Savings Account?
A Health Savings Account, commonly called an HSA was created by congress to allow individuals to have a tax advantaged way of paying for qualified health expenses.
Internet Sales Tax – Is It Coming to a Site You Use?
Congress set to begin deliberations on establishing internet sales tax for online retail websites.
Obamacare: Who Gets What, How Do They Get It, And Who Pays For It All Under the Affordable Care Act?
Lack of knowledge of Obamacare can cost you your health insurance or a penalty when you pay your taxes. Understanding this legislation is a must.
Affordable Health Care Act Myths- Part I
The Affordable Health Care Act is law. It will be fully implemented in 2014, yet there are still tons of people who believe many myths that are promulgated.
What is Income Tax?
What is income tax? An income tax is a tax imposed by the government on income you earn (as opposed to a sales tax, which is imposed on money you...
What is the IRS’s Job?
The IRS stands for Internal Revenue Service. The job of the IRS is to manage the federal tax code in all its myriad complexities.
States With the Lowest Property Taxes
Property taxes are the number one source of revenue for local governments and school districts, but not for states.
What is Tax?
Many may find themselves asking, “what is tax?” A tax is money that the government requires citizens to pay. Citizens who owe a tax must pay the tax.
Know The Difference Between a Tax Deduction and a Tax Credit?
A tax credit directly reduces a filer’s tax liability dollar for dollar. The actual value of the credit depends on your tax bracket
Income Tax Tips for the Self Employed
Self employed workers have a big income tax burden because on top of paying for federal taxes, they also must pay 15 percent of their social security taxes
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Taxes: Mastering Your Financial Obligations
Taxes are fundamental for funding public services and infrastructure, shaping our country's economic and social landscape.
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Montana Senator Proposes Tax Reform for Foreign Earnings
Tax reform is a tricky subject. Nobody wants to pay more in taxes, and yet everyone wants the services that the government provides.
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Obama Looks At Your Retirement Plan For Revenue
Happy with your retirement plan? If Obama has his way, your retirement plan may change to the detriment to both you and your heirs.
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IRS to Recognize All Federal Tax Returns From Legally Married Gay Couples
The end of August 2013 saw some big changes for how same sex couples are regarded by the IRS. They will now be able to file a joint federal tax return, regardless of where they...
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5 Tips to Lower Your Taxes Before the End of 2013
If you expect to owe taxes, you should start planning on how to lower your taxes before the IRS hits you with a large bill as opposed to a tax return.
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Managing Your Government Benefits Without a Bank Account
As a low-cost alternative, the Treasury Department is allowing government benefits to be loaded onto a pre-paid Direct Express Debit Mastercard.
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