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Income Taxes

Ready For April 15? Here Are 11 Great Tax Planning Tips For Same-Sex Couples

The Huffington Post | Curtis M. Wong | Posted 04.12.2015 | Gay Voices

Whether you're ahead of the game or procrastinate until the last minute, filing your income taxes is rarely a gratifying experience, even in the best ...

The Best Thing I Ever Did With My Tax Refund

GOBankingRates | Posted 04.07.2015 | Money
GOBankingRates

Examining the money habits of personal finance experts can give insights into what responsible money management looks like in the real world. We asked 15 personal finance experts, "What is the best thing you ever bought with your tax refund?"

Where Do You Fall in This Federal Income Tax Graph?

FindTheBest | Posted 04.06.2015 | Money
FindTheBest

The past 35 years have ushered in a considerable drop in the top rate paid by the most wealthy Americans, effectively narrowing the difference between the rates for the 1% and the rates for middle America.

Jeffrey Young

Here's How Obamacare Is Going To Affect Your Taxes

HuffingtonPost.com | Jeffrey Young | Posted 04.01.2015 | Business

Taxes are a pain. Health insurance is a pain. This year, Americans will suffer both when they file their income taxes. Ouch. The Affordable Care Ac...

Make Tax Day Work for You

Jim Gibbons | Posted 04.02.2015 | Money
Jim Gibbons

We all know that many hard-working families and individuals could use a financial boost in this still-tough economy. Millions of Americans can get just that by taking advantage of the tax credits and free filing services available to them.

Janet Yellen Gets the Need for Rising Wages. That's Why Republicans Are Out to Get Her.

Ian Reifowitz | Posted 03.03.2015 | Politics
Ian Reifowitz

To get back to that level and maybe even surpass it, we need someone in charge at the Federal Reserve who understands that creating conditions that increase the purchasing power of American workers' paychecks is a part of her mandate. From what she's said and done so far, it appears Janet Yellen is exactly that kind of Fed chair.

Top 5 Tax Scams Of 2015 To Avoid

GOBankingRates | Posted 03.02.2015 | Money
GOBankingRates

Imagine this: Someone claiming he's from the IRS calls and says you owe money. He demands you to pay via a pre-loaded debit card or wire transfer. Do you send the money? If you answered yes, you walked right into a scam.

Jeffrey Young

Here's How Obamacare Is Going To Affect Your Taxes

HuffingtonPost.com | Jeffrey Young | Posted 01.26.2015 | Business

Taxes are a pain. Health insurance is a pain. This year, Americans will suffer both when they file their income taxes. Ouch. The Affordable Care Ac...

Everything Married Same-Sex Couples Need To Know About Filing Income Taxes

Posted 01.18.2015 | Gay Voices

By Alexandra Temblador | The Next Family In 2014 we saw some major steps toward marriage equality in the United States. Although the celebrations ...

It's December -- Do You Know Where Your Tax Paperwork Is?

Mark Steber | Posted 02.04.2015 | Business
Mark Steber

By having all your documents in one place, you are one step closer to filing your return. Remember my first rule of tax return time? The earlier you file, the sooner you will get your refund!

Top 10 Scariest Things About Income Taxes

Mark Steber | Posted 12.30.2014 | Business
Mark Steber

Even though many people feel taxes are scarier than speaking in public, for the majority of people, tax-time is the single largest cash windfall of the year. More than 75 percent of all taxpayers get an average tax refund of $3,000 -- nothing scary about that.

Ben Walsh

Economists Say We Should Tax The Rich At 90 Percent

HuffingtonPost.com | Ben Walsh | Posted 10.22.2014 | Business

America has been doing income taxes wrong for more than 50 years. All Americans, including the rich, would be better off if top tax rates went back to Eisenhower-era levels when the top federal income tax rate was 91 percent, a new paper concludes.

The 5 Tax Mistakes You're Making Right Now

Gene Marks | Posted 11.30.2014 | Small Business
Gene Marks

I know, it's a busy time of year. You're back from the summer holidays. Orders need to get out the door. Projects need to be done. Budgets need to be ...

How Does Illinois' Income Tax Compare to the Rest of the Country?

Matthew Dietrich | Posted 10.06.2014 | Chicago
Matthew Dietrich

The Illinois income tax has been a topic of hot debate in the 2014 governor's race. Currently, Illinoisans must give 5 percent of their income to the ...

Charitable Deductions for Animal-Rescue Volunteers

Julian Block | Posted 09.01.2014 | Money
Julian Block

When the annual reckoning with the IRS rolls around, their willingness to help out entitles them to write-offs for unreimbursed expenses incurred while they do volunteer work for rescue groups like the Humane Society of the U.S and the ASPCA.

Man, Woman, Money, Taxes

Julian Block | Posted 08.30.2014 | Business
Julian Block

The courts often have to resolve the troublesome question of whether a tax-free "gift" was actually a payment for services rendered. Not surprisingly, the question has come up when the IRS insisted on its share of sizable amounts received by women from men who weren't their husbands.

What's in Your Mailbox? Tips on What to Do When Uncle Sam Comes Knocking

Steve Mariotti | Posted 08.25.2014 | Money
Steve Mariotti

Every year, one in 10 of us receives the dreaded letter. You know the one -- and you probably don't want to open it: the IRS requesting more information about your finances.

Watch: Joseph E. Stiglitz Calls for Fair Taxes for All

Bill Moyers | Posted 08.02.2014 | Politics
Bill Moyers

A new report by Nobel Prize-winning economist Joseph E. Stiglitz for the Roosevelt Institute suggests that paying our fair share of taxes and cracking down on corporate tax dodgers could be a cure for inequality and a faltering economy.

Tax Court Upholds Business-Expense Deduction for Topless Dancer's Breast Implants

Julian Block | Posted 07.08.2014 | Divorce
Julian Block

Just because you incur expenses for business reasons doesn't mean that they automatically qualify as deductible. The Internal Revenue Code stipulates ...

Tax Fairness: What Do People Think About It?

Jared Bernstein | Posted 06.15.2014 | Politics
Jared Bernstein

Nothing too surprising -- those who pay more in federal taxes think they're too high; almost nobody thinks their tax bill is too low. But departing from the data a bit, there are two factors that I suspect have an impact on our general perceptions of tax fairness.

Good Afternoon, Vietnam: A Revolutionary Small Business Impetus and I Learned About It on Skype (Part 2)

Steve Mariotti | Posted 05.31.2014 | Business
Steve Mariotti

As exciting as the social enterprises presented were, the most interesting and perspective-changing lesson for me was the Vietnamese flat tax.

Tax Tips for National Mom-and-Pop Business Owners Day

Mark Steber | Posted 05.27.2014 | Business
Mark Steber

It's that time again! No, not the end of tax season, it's National Mom and Pop Business Owners Day! March 29 celebrates the more than 27 million hard ...

Last-Minute Tax Talk for Parents

Neale Godfrey | Posted 05.26.2014 | Parents
Neale Godfrey

Whether you're a procrastinator, a denier or just anxious, here are tips for parents and families to remember now and suggestions to make subsequent filing years a little less stressful.

Stop Procrastinating and File Your Taxes

Mark Steber | Posted 05.19.2014 | Business
Mark Steber

If you have not filed, then what the heck are you waiting on? File as soon as you can and if a refund is coming -- enjoy that money sooner.

The Phantom Menace: New Report Doubles Down on 'Tax Migration' Myth

Gordon MacInnes | Posted 05.07.2014 | Business
Gordon MacInnes

"Exodus on the Parkway," a new 36-page paper on the impact of tax rates on New Jersey's economic health begins by noting that it "does not provide pro...