F.I.C.A. – Pay Now, Collect Later
Learn all about what is commonly known as your social security taxes, and officially as F.I.C.A. – from the Federal Insurance Contributions Act tax. Full story
Learn all about what is commonly known as your social security taxes, and officially as F.I.C.A. – from the Federal Insurance Contributions Act tax. Full story
Some people dread tax because they worry about paying too much or not paying enough. Understanding the basics of tax brackets could help you make informed decision and minimize your tax burdens. Full story
Flexo and Tom from Consumerism Commentary interview Raphael Tulino from the IRS about e-file. Full story
There’s been a lot of talk – and confusion — about the Homebuyer Tax Credit. Here is a breakdown of what it is and what it means to you. Full story
TurboTax is donating to one of these charities – help us decide which one. Full story
The last thing we all want to think about this holiday season is the looming tax time, but the good news is, with a little thinking outside the box, you can turn a charitable donation into a gift that gives back three times. Full story
Undeniably children are expensive. Thankfully, the tax laws offer quite a bit of help to parents by making the burden of taxation easier on them. Full story
The end of the year is a season for gift giving. It also marks the deadline for an often misunderstood kind of yearly gift giving, endorsed by the IRS. Full story
Since the economy has hit all of us squarely in the wallet (or purse), you may tempted to cut back on your charitable giving, despite the financial tax benefits. If that’s the case, you may want to consider volunteering some of your time to an organization in your neighborhood. Full story
It’s not too late to change your 2009 tax outcome. Read our tips and use our tools to help reduce your taxes and know what to expect when you file your return. Full story
Already filed your taxes with TurboTax? Here is the latest information on IRS processing, so you know when you can expect your tax refund. Full story
Today, the IRS announced that it will begin accepting e-filed tax returns for the vast majority of U.S. taxpayers on January 30, about a week later than expected. The IRS anticipates that it will be able to process tax returns for about 120 million taxpayers. 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
If you are an owner of a partnership, LLC, S-corp, or other entity that passes through taxes to its owners, in most cases you will receive a K-1 form each year. The K-1 is prepared by the entity to distribute to owners/shareholders to outline their portion of the income, loss, and deductions. Full story