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Articles from: February 2012

Changes to Look for on Your 2011 W-2
2/28/2012 Ginita Wall, CPA, CFP® Income and Investments

Changes to Look for on Your 2011 W-2

Tax time is in full swing and if you are employed, you should have received your W-2 by the end of January. This year you may find something different on your form. Full story

Tax Savings: The President Signed the Payroll Tax Holiday Into Law
2/24/2012 TurboTaxLisa Tax News

Tax Savings: The President Signed the Payroll Tax Holiday Into Law

There’s great news for working taxpayers this week. On February 22, the President signed the payroll tax holiday into law. Find out more. Full story

infographic
Everyday Taxes in Five Major U.S. Cities
2/22/2012 joshritchie Tax Deductions and Credits

Everyday Taxes in Five Major U.S. Cities

Whether you are a resident of a major city or just traveled there for something fun like the Mardi Gras, you most likely paid for items such as food, beverages, and gas. Here is our infographic presentation showing how much everyday taxes may vary across five major cities. Full story

Tax Implications of Getting Married
2/22/2012 joshritchie Tax Deductions and Credits

Tax Implications of Getting Married

For most of us, the decision to get married is more about romance than finances. Today, we’ll review these important implications, as well as the tax perks available to married couples. Full story

New Baby? New Tax Deductions!
2/17/2012 JoeTaxpayer Family

New Baby? New Tax Deductions!

Did you have a baby? Along with the new bundle of joy here are some tax benefits you should know about. Full story

TurboTax Answers Your Most Common Tax Questions
2/15/2012 TurboTaxBlogTeam Tax Deductions and Credits

TurboTax Answers Your Most Common Tax Questions

Tax season is here and with every tax season comes a lot of great tax questions. Here the most common topics from job seekers, parents, baby boomers, and homebuyers this tax season. Full story

Repaying the First-Time Homebuyer Tax Credit
2/15/2012 Ginita Wall, CPA, CFP® Home

Repaying the First-Time Homebuyer Tax Credit

Under 2008 legislation designed to stimulate the housing market, first-time homebuyers could claim a tax credit of up to $7,500, however beginning in 2010 taxpayers were required to pay the credit back. Find out more here. Full story

How Do I Deduct Points Paid on My Mortgage?
2/14/2012 Elle Martinez Home

How Do I Deduct Points Paid on My Mortgage?

Besides the financial benefits of owning property with some equity, there are some tax advantages, including deducting points on your mortgage. Find out more here. Full story

Expanded Qualified Adoption Tax Credit Rules
2/14/2012 Jim Wang Tax Deductions and Credits

Expanded Qualified Adoption Tax Credit Rules

If you choose to adopt, you might be eligible to take a tax credit for the expenses incurred and starting in tax year 2010, the tax credit was expanded in several ways to help alleviate some of the financial burden of adoption. Find out more here. Full story

How Social Security Income is Taxed
2/13/2012 Elle Martinez Income and Investments

How Social Security Income is Taxed

Not everyone has to pay taxes on their Social Security benefits. To see if your Social Security will be taxed, you have to look at your *combined income and your marital status. Find out more here. Full story

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    How to Save Money in Every Room of Your House via @MoneyNing http://t.co/CgP53Ayk #GoodRead #MoneyTips 22 hours ago

    @zangsauce Thanks for the shout out! We’re glad to hear it :) May 16 11:25am

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    How is your city faring post-recession? Find out here: Interactive Map: The Economy Where You Live http://t.co/k07lRfd0 via @nprnews May 9 1:00pm

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    Happy Teacher Appreciation Week! Who were the #teachers that impacted your life? #thankateacher May 7 10:31am

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    @ali_ali_austin Now that’s what we call a good catch! We’d marry him too ;) May 2 12:28pm

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    You spoke and we listened. Learn how American taxpayers really feel about paying taxes http://t.co/nljvwMJ4 #INFOGRAPHIC May 2 12:27pm

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