If you’re a high-income type, you’re probably painfully aware that some tax breaks are phased out (either reduced or eliminated) as your adjusted gross income, or AGI, increases. That’s the […]
7 Tax Terms Explained
It’s tax season and that means the lingo is flying around and much of it goes right over some our heads. Much of the tax vocabulary is terms we should […]
Tax Changes to Watch For
Bingo! The new 1099-K forms — just one of a number of tax-form changes this year — caught a PayPal seller. This young man, selling things from his home, did […]
10 Things You Should Know About Your 2011 Taxes
With the Bush-era tax cuts set to expire at the end of this year and Congress debating how to balance the budget, 2011 may look like a calm tax year […]
Tax tips for the unemployed
Being unemployed presents a variety of financial considerations, including potential taxes. In some cases, federal tax laws could pose new costs to unemployed individuals. But in others, tax provisions could […]
5 Little-Known Tax Deductions
It’s now officially time to get serious about filing your 2011 Form 1040, especially if you expect a refund. Here are five little-known write-offs that could make your refund bigger […]
Republicans muscle tax cut bill through House
By DAVID ESPO | AP WASHINGTON (AP) — The Republican-controlled House has passed legislation sought by President Barack Obama to extend Social Security payroll tax cuts through 2012. But the […]
Analysis: Obama tries to stave off recession with a $447B jobs plan
AS JOB growth has ground to a halt and stock markets have swooned, the outlook for both the American economy and Barack Obama’s presidency has dimmed. The jobs package he […]
Small Business Is Focus of Tax Cuts
President Barack Obama’s new jobs plan seeks to coax wary employers to invest and hire more by slicing their share of payroll taxes next year. But while the payroll-tax cuts […]
Year-End Tax Strategies for Individuals
It’s not too late to make these tax-saving moves. Before acting on our recommendations, be sure to gauge your 2012 income expectations. Moves you make this year may affect next […]