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.
On New Year’s Day everyone was on pins and needles wondering if they were going to owe more money on their taxes if America fell over the “fiscal cliff”. Later that evening, Congress passed the American Taxpayer Relief Act of 2012, which helped 98% of Americans keep more money in their pocket. Check out our slideshow to see how some of these tax benefits can help you get the money you deserve at tax-time. Full story
On New Year’s Day 2013, Congress passed the much-talked about fiscal cliff tax legislation through The American Tax Relief Act of 2012 which is expected to be signed by President Obama. Here is a quick snapshot of what this could financially mean to you and your family in 2013.
With some tax laws on the table, Fiscal Cliff and tax law changes are the topic of conversation. For decades presidential tax policies and tax laws have varied depending on which president was in office. Check out our interactive that looks at tax policies, approval ratings, and the economy during the presidencies of everyone from John F. Kennedy to President Obama. Full story
Hearing talk of a ‘Fiscal Cliff’ or ‘Taxmaggedon’? Don’t panic. Our TurboTax tax experts break it down for you so you can understand if any of these tax law changes will affect your taxes and if so, what you can do about it. Full story
As a result of the late-breaking tax legislation signed into law at the end of December, the IRS has announced that taxpayers who itemize deductions and those claiming the Higher Education Tuition and Fees deduction or the Educator Expense Deduction will need to wait to file their 2010 tax return until at least mid-February. Full story
As Congress debates the future of expiring tax cuts, TurboTax is prepared to accurately and easily guide taxpayers through any year-end tax law changes, including the AMT and tax cuts. Full story
While there’s nothing unusual about the leaves changing colors this time of year, what is unusual is the unprecedented number of unresolved tax law changes this late in the season. Let’s take a look at what that means to you and your tax refund. Full story
Bob Meighan, our go-to tax guy, breaks down what the late breaking tax changes are and how they could affect you in an interview with ABC News NOW. Full story