How to File Taxes for the First Time: A Step-by-Step Beginner Guide
The average first-time filer gets back $3,167 — but dependents claimed by parents face a deduction cap most guides skip. Here's how to file correctly and free.
Estimating Your Tax Returns
Tax returns are reports that are filed with the Internal Revenue Service, and are classified as either tax returns or as information returns.
Changes to Estate Tax Rates In 2013
In response to the looming fiscal cliff crisis, Congress got busy and finally hammered out a budget agreement that includes new tax rates.
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.
See More
Most Recent
States With the Best and Worst Income Tax
Knowing which states have the highest and lowest income tax could save you thousands of dollars a year.
Read More
Assumptions About the IRS
Taxes have been in the news lately with the IRS scandals. I do not think the IRS generally deserves its bad-ass reputation.
Read More
Latest Sign of Decline: G-8 Summit Talks Tax-Dodging
The countries of the G-8 summit took out a chunk of time to see how they can collude with each other to squeeze more taxes out of corporations.
Read More
HRA-Another Set of Annoying Health Care Initials
It seem as if the health care industry is becoming like the defense industry with acronyms and initials identifying products and programs.
Read More
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.
Read More
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.
Read More