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...
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...
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...
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. The act includes a permanent patch of the Alternative...
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...
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. The payroll tax cut bill extension keeps taxpayers’ portion...
Today the Senate approved the Spending Bill, which keeps government funded until the end of September 2012, but what about the extension of the payroll tax cut bill? Well, it wasn’t a complete victory for both bills, but the Senate...
I know you have all been anxiously waiting to find out the verdict on the $1.043 trillion spending bill and the payroll tax cut extension, which the President wanted both passed before lawmakers went on vacation. Well, just in time!...
On Tuesday, December 13, the House of Representatives passed the Middle Class Tax Relief and Job Creation Act of 2011, which extends the existing 2 point reduction (6.2% to 4.2%) in Social Security taxes that employees and the self-employed pay...
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. If you’re not paying attention, you could be in for...
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... 
