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Tax News

IRS Announcement: Same-Sex Couples Recognized as Married for Federal Tax Purposes

August 29, 2013 September 5, 2013 / TurboTaxLisa

As a result of the recent U.S. Supreme Court decision to strike down part of the Defense of Marriage Act (DOMA) on June 26, the U.S. Treasury Department and the IRS announced today that same-sex couples legally married in states...

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Tax News

DOMA Struck Down: What Does This Mean for Your Taxes?

June 27, 2013 August 19, 2016 / TurboTaxLisa

On Wednesday the Supreme Court overturned the Defense of Marriage Act (DOMA). Same-sex couples who are legally married will now be recognized by the federal government, meaning it will be easier to file their taxes among many other things. What Does...

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6 Taxes You May Not Know You’re Paying

May 13, 2013 / Ginita Wall, CPA, CFP®

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...

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IRS Offers Penalty Relief to Storm Victims Unable to File by the Tax Deadline

April 17, 2013 / TurboTaxLisa

Tornados, high winds, and baseball-sized hail wreaked havoc on the South and Midwest last week and over the weekend. As a result, there were power outages and transportation issues, making it difficult for some taxpayers and tax professionals to meet...

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IRS Announces Tax Deadline Extension for Boston-Area Taxpayers

April 16, 2013 / TurboTaxBlogTeam

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. The relief...

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A Century of Income Taxes: The History of Tax Day [Infographic]

April 9, 2013 / TurboTaxBlogTeam

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...

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All Grown Up: The Cost of Raising a Child [Infographic]

April 2, 2013 /

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...

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Nicotine Nation: Which States Import the Most Cigarettes Illegally [Infographic]

March 15, 2013 September 7, 2017 /

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. Infographic...

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How the American Taxpayer Relief Act May Help Your Tax Rate [Interactive]

March 6, 2013 /

The dust has settled and the American Taxpayer Relief Act of 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...

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IRS Update: IRS Accepting Final Tax Forms Impacted by Late Tax Law Changes

March 4, 2013 / TurboTaxBlogTeam

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...

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