If you or your spouse served in a combat zone in 2009, you might not be required to file a tax return. But you might want to do so anyway, to claim a valuable tax break that puts dollars in your pocket.
It’s all over the news. If you buy a home between January 1, 2009 and December 1, 2009, you could qualify for a big homebuyer tax credit. But if you are buying the home with someone else, who gets the credit?
See updated information on how to claim a dependent on your tax return here. This is one of the top questions we are seeing on TurboTax’s Live Community. Here’s the answer. If your girlfriend has lived with you for all...
Update: ExpensePro is no longer available. If you are looking for a way to manage your finances online, we suggest trying Mint.com, Intuit’s free personal finance service. ———————————- As a small business owner you probably spend lots of time collecting...
When a family has a new baby, their priorities are not taxes. Trying to figure out how to get more sleep – yes; taxes – no. But when it comes to tax time, it’s good for them to know that...
In the Live Community, we are seeing a lot of questions about part-year and nonresident returns. In this blog, I’m going to talk about part-year returns. Since there are many questions on the Oregon part-year return, I’m using Oregon as...
I work in one state and live in another state. What do I file? In Part I, I touched upon the basic principles of income tax reciprocity between states using a fictitious example. In this installment, I will show how...
I work in one state and live in another state. What do I file? And what the heck are State Tax Reciprocal Agreements (aka "Reciprocity")? The first time I tried to say reciprocity, which I assumed was a horrible misspelling...
Have you been thinking about buying a vacation home in the mountains or by the shore? Are you wondering about how such a home affects our tax return? Here’s some vacation home info. The IRS defines your 2nd home as...
It’s back to school and a good time to remind teachers/educators to keep those receipts for all the “ordinary and necessary” school items that they purchased for their classrooms during 2007. In 2002, a tax law act gave such folks...
