Can't Pay Your Taxes? Here's What You Can DoIn a turbulent economy with constantly changing rules it's no surprise that the bill from Uncle Sam can sneak up on some of us. Here are some tips to make sure you emerge (mostly) unscathed this April 15.
7 Deductions That Lower Your Taxable IncomeMost folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.
What Procrastinators Need To Know About Filing Their TaxesAccording to the IRS, 20 to 25 percent of Americans wait until the last two weeks before the deadline to file their taxes. If tax time snuck up on you this year, here are a few tips to help you file.
Get Your Taxes In Order Now For Next YearGet a jump-start on next year’s taxes by setting up a filing system now. You can use a folder system where you label the each folders according to your needs.
What Tax Related Papers Can You Toss Out?Most of us fall into one of three categories; we keep too much of the paper that comes into our homes or there those that try to throw out everything. And of course those that fall in between.
Invest That Tax Refund In YourselfWhat is your largest asset? It's your ability to earn a living!
Tax Audit Red Flags To Be Aware OfWhat may trigger an audit from your tax filing?
Tax Education Credits And DeductionsCollege can be is very expensive, luckily Congress and the IRS have given us ways to offset education costs.
Should You Itemize Your Taxes This Year?Should you take the time to fill out the long 1040? It really depends. To find out whether you should itemize you will need to do some homework.
What’s On Your Tax Return?Review your tax situation now so you have some idea what tax bracket you will fall into this year and decide whether you want to do the long 1040 or the short 1040EZ.
A Simplified Tax Option For Home OfficesThis tax season holds good news for millions of self-employed people who work from home: Home office deductions, which used to require a litany of calculations and the completion of a 43-line form, have at last been simplified.
Disappearing Deductions Cost TaxpayersChanges to tax laws last year reinstated some income-based phase outs of some widely used personal exemptions and itemized deductions, leaving many taxpayers with higher tax bills.
The "Dirty Dozen" Tax Scams Of 2014The IRS has a warning for Americans -- watch out for tax scams. Every year the agency releases a "Dirty Dozen" list of the worst tax scams out there. This year, identity theft and phone scams top the list.
Tax Advice: Common Small Business Tax Filing MistakesSmall businesses can innocently make tax mistakes that wind up racking up steep penalties. Consider these common mistakes before filing your taxes.
Five Tips for Getting the Most From Your 401(k) PlanWhether you’re 25 or 55, you know you’ll want to retire one day – and to retire in comfort you must save. These five simple steps can help you make a big difference in your efforts to reach retirement with lots of money in your retirement account.