If you are in the military, we thank you for everything that you do. And Uncle Sam appreciates your service as well – the government recognizes your sacrifice and rewards you with a big basket of tax breaks. Here are five of them:
Good news! Congress today voted to extend a number of expired tax breaks, also called Tax Extenders, either permanently or temporarily under the Protecting Americans From Tax Hikes Act of 2015. Typically, tax extenders are voted on every year or...
Even though we are still enjoying those long summer days and warm, balmy nights, you may be able to find out how you can lower your tax bill earlier this year. Every year or two Congress votes to extend temporary...
Today on December 18, 2014 Congress passed a number of previously expired tax breaks called tax extenders, under the Tax Increase Prevention Act of 2014 (H.R. 5771). But what does this mean for you? These temporary tax breaks expired on...
On January 1, 2013, the American Taxpayer Relief Act put more money back in taxpayers’ pockets with the permanent passage of many tax breaks. The payroll tax holiday, a temporary tax break to help stimulate the economy, however was not extended on January 1, 2013. Our infographic looks at how the expiration of the payroll tax holiday impacts spending habits and how individuals use their tax refunds.
The tax code has a number of hidden gems, credits or deductions that add up to a nice chunk of change you can save on your taxes over the year. Today, we’re looking at Commuter Transit Tax Benefits, perks that you can use if your employer offers a subsidy or pre-tax payroll deductions for your commuting costs.
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 for your children when you file your taxes. Our infographic breaks down the different expenses involved with raising a child and looks at the total costs from birth to age 17.
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.
The end of summer is upon us, and for the nation’s parents, that means one thing: back-to-school time. As in years past, stores are heavily promoting pens, notebooks, clothing, and other items families are sure to stock up on over the coming weeks. But what many parents may not be aware of are the sales tax holidays many states offer to make back-to-school shopping more affordable.
After a week of uncertainty in Washington, Congress approved the extension of the payroll tax cut bill this morning, which if not passed, would impact 160 million taxpayers beginning January 1. Find out more here.