Tax season is over and you may not think about taxes until it’s time to file next season, but did you know there are myriad of other taxes that are not just on your tax return? Most of us don’t think about that, but those taxes may tap into our wallets nonetheless. Here are just a few. Full story
Tornados, high winds, and baseball-sized hail wreaked havoc on the South and Midwest last week and over the weekend. The IRS announced that it will provide penalty relief to taxpayers impacted by the storms who were not able to file or pay taxes due until after the April 15th tax deadline. Full story
In the wake of the tragic bombings that occurred in Boston on Monday, April 15, the IRS announced today a three-month tax filing and payment extension to provide relief to Boston-area taxpayers and others affected by Monday’s explosions. Full story
The April 15th tax deadline is just days away and tax procrastinators are scrambling to make the tax deadline. No need to worry. With today’s modern technology you can go online and e-file your tax return at 11:59 on April 15th, but what was tax day like a century ago and how did the IRS come up with the April 15th tax deadline? Our infographic takes a look at a hundred years of taxes and the history of tax day.
Parents who are lucky enough to bring a new bundle of joy into the world can expect to spend between $200,000 and $500,000 before their child even makes it to college. Whew! Don’t forget to take advantage of tax breaks for your children when you file your taxes. Our infographic breaks down the different expenses involved with raising a child and looks at the total costs from birth to age 17. Full story
With the variation in state cigarette taxes across the United States, incentives to smuggle cigarettes into high tax states is on the rise. Our infographic looks at the variations of state cigarette taxes and the top illegal importing states. Full story
The dust has settled and the American Taxpayer Relief Act 2012 was signed into law on January 2, 2013 helping Americans save more of their hard-earned money through the extension of the lower tax rates for people making less than $400,000 per year filing single and $450,000 for those filing jointly. Our interactive looks at how the new tax law may save you money on your 2013 paychecks. Full story
Good news for taxpayers who have been waiting for the IRS to begin processing returns that include Residential Energy Credit (Form 5695), Mortgage Interest Credit (Form 8396), and the General Business Credit (Form 3800).
The IRS began accepting the last group of forms impacted by late tax legislation, today, Monday, March 4.
The dust has settled and the American Taxpayer Relief Act of 2012 was signed into law helping millions of Americans save more of their hard-earned money. Our interactive looks at the extended lower tax rates voted into law for individuals making less than $400,000 and married couples earning less than $450,000 helping them save more money on their paychecks in 2013. Full story
The IRS began accepting tax returns for a vast majority of taxpayers on January 30. … Full story