Capital Gains Tax on Home Sales: What Homeowners Often Get Wrong
Most homeowners owe nothing on a home sale — the IRS excludes up to $500,000 in gains — but gains above that threshold, depreciation recapture, and NIIT catch sellers off...
Finding The Right IRS Forms Online
Here are some basic guidelines to consider when pondering which of the three IRS forms 1040EZ, 1040A or 1040.
Federal Tax Tips for Those Planning to Retire
One of the last things most people think about when preparing for retirement is the federal tax bite that will come out of their retirement income.
Options For Getting a Tax Form?
If you are among the 20% that still file by mail, you will need to understand the tax form required for your circumstances.
How to Know If You Should Get a Tax Refund
You can get a tax refund on your income tax if you owe less income tax than what was withheld from you, and the estimated tax that you paid from...
How to Estimate Your Marginal Tax Rate
A marginal tax rate is the tax rate that applies to the last unit of currency of your taxable income or your taxable spending.
The True Cost of a Refund Anticipation Loan
Obtaining a refund anticipation loan can be an extremely costly endeavor and it is important you understand the true cost of these types of loans.
Basic Tax Deductions On the 1040EZ
Before you make the decision to use form 1040 EZ, make sure that you will not receive greater benefit using another form instead to claim a tax deduction.
States with the Highest Sales Tax
Some states have lower sales taxes, and other states have higher sales taxes. The state with the highest sales taxes include:
States Without a Sales Tax
Although the majority of states opt for a sales tax, not all locations impose this requirement. Currently, there are five states without sales taxes.
Free Online Tax Calculators for Simple Returns
The Internal Revenue Service and other websites provide a free tax calculator or two, and other tax tools to help you analyze and plan your finances.
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Most Recent
Work Travel Expenses – What’s Deductible and What Isn’t
Many people travel frequently as part of their profession, job or business. Internal Revenue Service codes allow these taxpayers to deduct travel expenses that are the “ordinary...
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US Treasury Working with Other Nations to Catch Tax Evaders
People hear about those who have money and their ways of hiding it. Using an offshore account to avoid taxes is one of the ways that many tax evaders use.
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Is Chicago The Next Domino To Fall?
Uh-oh. The only thing propping up Chicago may be that which is alluded to in their nickname: wind.
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Another Debt Ceiling Debate?
Congress seems set for another debt ceiling debate in the fall. What does it mean for you?
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Tax Reform Hold Ups – Does It Matter?
Congress is gridlocked on tax reform. How does it affect you? Tax reform promises to create jobs and reduce the tax burden on the average American.
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The Marketplace Fairness Act
The Marketplace Fairness Act looks set to pass, which will impact the vast majority of American's bottom line.
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