You may be eligible for a loan from the taxman — and at a decent rate. Here’s what to consider. By Bill Bischoff | SmartMoney Say your overall cash-flow situation […]
CBO: U.S. Falling Off ‘Fiscal Cliff’
WASHINGTON (AP) — A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably […]
Tools to research 529 college savings plans
Nearly all states offer 529 plans, popular ways to save for a child’s future college expenses. The plans allow withdrawals for college expenses that are free of federal taxes. Two-thirds […]
Why nearly half of us don’t pay income tax.
It’s a provocative fact about the tax code: Nearly half of U.S. households end up owing no federal income tax. But it’s not surprising given the addiction to tax breaks […]
Why Filing Your Taxes on Extension Is a Good Idea
If you need more time to get your taxes done right, then file a Form 4868, Application for Automatic Extension for Time to File U.S. Individual Income Tax Returns. If […]
3 Last-Minute Ways to Lower Your Tax Bill
Although 2011 is way back in the rearview mirror, it’s still not too late to make some moves that will save taxes on last year’s Form 1040 and maybe […]
Retirement savings credit doubles payoff
By Kay Bell | Bankrate.com – Taxes » Tax Credits » Tax Credit For Savings Made For Retirement Contributors to retirement plans already know the long-term tax advantages of an […]
Ten Common Tax Misconceptions
By Laura Saunders The tax code has gotten so complicated that even smart people make big mistakes about filing taxes, according to the National Association of Enrolled Agents. Here’s a […]
When Is the Best Time to File Your Tax Return?
By Barbara Weltman The tax law sets deadlines for filing income tax returns. However, there is room to maneuver, and the time you choose to file depends on your personal […]
How to Safely Delete or Save Tax Documents Online
By TARA SIEGEL BERNARD It’s tax time, which means millions of Americans are probably in the midst of collecting the many documents needed to prepare their returns. When I was […]