Although filing an income tax return is not a straightforward exercise for most people, some taxpayers can file a condensed tax return using Form 1040EZ. While the 1040EZ might not be as simple as you’d like, it’s about the uncomplicated form the IRS has available. Full story
Every year you’re faced with one important tax question: should you itemize or just use the standard tax deduction? For some people this is an easy question, but for others who may be thinking about the difference for the first time, it can be a little confusing and intimidating. Full story
The economy has been in less than stellar shape (understatement of the decade, I know) and with people focusing more on their emergency funds and less on whether they drive a nicer car, you might be wondering how you could save a little extra money this year. It’s actually not as hard as you might think because many of the things we pay for have free alternatives. Full story
This week, TurboTax will be sponsoring a first ever “primetime “ sponsorship takeover by an advertiser, with a “show within a show” event. Tune in on Sunday 1/30 to watch the NBC airing of “National Treasure” (8 to 11 p.m. ET/PT) …and be sure to watch the commercials! Full story
As today is National Earned Income Tax Credit (EITC) Day, we’re offering some simple tips and useful resources to help taxpayers claim this valuable tax credit. Full story
Every tax season, we see countless articles about tax deductions we’re all aware of. Office supplies, work-related travel, child rearing – the list goes on and on, and unless you just became a taxpayer, it’s probably old news. Instead of rehashing the obvious, today we’ll look into some weirder and less talked about deductions you might qualify for this year. Full story
In most conversations, when we talk about taxes, we’re pretty focused on the Federal Rates, most of us painfully aware of how much of that next dollar earned will be shared with Uncle Sam. What about state taxes? Full story
Congratulations, you just got a raise! You’ve worked hard to build your company and your boss noticed enough to reward you for the effort. Now you can sit back and relax, right? Not quite, you may want to look at how your increased income affects your taxes in present filing year. Full story
The IRS announced yesterday that they will begin accepting tax returns affected by the filing delays starting on February 14th Full story
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