The Bernie Sanders tax plan will raise taxes 2.2% for everyone, 15% for the very rich and nearly 20% for big corporations. The economy will see deep changes, th...
In the video below, comedian John Oliver takes on the IRS, but the result isn't what you might think.
Question: What's worse than a government body whose job...
Traditional IRA vs Roth IRA: which is better? In most cases, a Roth IRA creates a lower lifetime tax bill, but a shrewd investor can still make more money with ...
This past January and February I withdrew money from my Roth IRA. It was not a smart move, as I'm more than 20 years away from retirement age.
However, work ...
"Help, I've made a mistake on my taxes!" A mistake on taxes filing can be chilling, but follow this advice to fix things quickly if you've found yourself saying...
Filing taxes online can help taxpayers file taxes faster and without worrying about something getting lost in the mail. If you make under $60,000 you can file t...
What should I do if I can't pay my taxes?
People who have worked as freelancers on the side, started a new business or gotten estimated payments wrong on the...
When and why should you file for an extension on your tax return? Our article below gives four reasons, plus extension pitfalls, instructions for how to file fo...
To file for a tax extension, taxpayers have to fill out and submit IRS form 4868, the Application for Automatic Extension form. The good news is, it's quick and...
A taxpayer should hire an accountant when doing so will save more money than the accountant costs. Accountants are usually worth the price when someone's tax bi...
The most hated tax in the United States? Property tax, followed by federal income tax, state sales tax, social security tax and state income tax. Federal income...
While the home office deduction is not the instant audit red flag it used to be, the rules surrounding it are strict. In this article, we show how to meet the t...
Want to save money on taxes? Here are four tips that can cut your tax bill and save real money at tax time. Everyone has to pay taxes, but there's no need to ov...
There are lots of reasons to file your taxes early. For one, tax return theft is skyrocketing, and filing early prevents it. Refunds arrive faster, and even whe...
The Alternative Minimum Tax is hard to figure, causes higher tax bills and hits more Americans each year. Its impact can be lessened or avoided by some taxpayer...
The Alternative Minimum Tax is a separate income tax schedule some U.S. citizens have to pay instead of using the “old fashioned” IRS tax rules. It generally hi...
Do poor people or people have low income have to pay any taxes? Political pundits will often say this to upset others, or make a case for a change in taxes that...
The IRS has a list of red flags that tip them off if someone's ripe for an audit. Making one or more of these common tax mistakes can lead to back taxes, fines ...
Criminals are filing more fraudulent tax returns each year, using others' social security numbers to trick the U.S. government into issuing refunds they don't d...
According to the IRS, most tax mistakes come from taxpayers filing paper tax returns. As a result, paper returns cause the lion’s share of IRS audits. Doing tax...
TurboTax customers lured by the promise of a 5% bonus for taking their tax return refunds on Amazon gift cards may want to think again. The deal can actually lo...
Expecting a refund when you file your taxes this year? If you’re like 75% of Americans, you are. According to the IRS, the average tax return last year was $3,0...
One of the most overlooked deductions for taxpayers is the mileage they put on their vehicles. Taxpayers often assume they must have a business to claim mileage...
Most of the world is currently captivated by the 2014 Winter Olympics in Sochi, Russia. We cheer on our country, chanting, “USA! USA!” We even tear up just a bi...
The holiday season is full of giving and receiving gifts. Tech toys and event tickets are fun but I tend to prefer more practical gifts - things like clothes, ...