The Massachusetts Department of Revenue announced today that it is extending the personal income state… Full story
Don’t think you can escape penalties by not filing. If you don’t file, you’ll owe a 5% per month penalty for not filing. For any month that the failure-to-file penalty and the failure-to-pay penalty both apply, the 5% failure-to-file penalty is reduced by the failure-to-pay penalty.
If you really need extra time to prepare your tax return, you can file an extension with TurboTax by April 15 to request an extension until October 15 to avoid nasty 5%-per-month penalties for late filing and late payment.
The tax deadline is just a day away, but you still have time to go online and file your taxes. The IRS reports that more than half of taxpayers have already filed their returns and more taxpayers filed from their home computers this year, up 6% from last year. If you’re in the 20 to 25% who waited until the last minute to prepare your taxes, here are some steps to help you file your taxes by the tax deadline and get a bigger tax refund.
No one likes to feel like they’re missing out. Especially when it comes to opportunities to pay fewer taxes. As this year’s tax deadline approaches, let’s take a look at some of the most commonly missed tax deductions. Full story
The tax deadline is almost here but its not too late to file your taxes and possibly… Full story
The best last minute tax moves are done before the calendar flips into the new year, but depending on your financial situation, you might be able to squeeze in one more tax deduction if you waited to file your taxes. Full story
It’s important to know who qualifies for a dependency exemption, because for each exemption you can claim a $3,900 deduction on your 2013 tax return ($3,950 for 2014). Here are some rules that will help you figure out who qualifies and who doesn’t. Full story
Updated 4/11/14 (12:05 pm PST) The article below has been updated with the latest recent… Full story
Just in time for the April 15th tax deadline, TurboTax is excited to announce a partnership with Sprintax.com to offer an easy and accurate online solution to help non-resident taxpayers prepare their own taxes. Sprintax.com, subsidiary of Taxback.com, is an online non-resident tax filing solution for international students.
Your home can save you money this summer. Find out how.
Schools out for summer and you may have been trying to figure out more ways… Full story
The deadline to purchase health insurance under the Affordable Care Act was March 31, 2014. If you were uninsured and didn’t purchase health insurance or chose to forgo coverage by that date, you may face a tax penalty on your 2014 tax return, the one you file in 2015, unless you qualify for an exemption. Full story
Bonuses can change your tax situation depending how large the bonus and what methods employers use to tax the income. Find out how bonuses(supplemental income) are taxed. Full story