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Tax Deductions

Sam Stein

Paul Ryan On Mitt Romney's Tax Plan: 'We Have Shown How That Works' | Sam Stein | Posted 10.02.2012 | Politics

WASHINGTON -- Vice presidential candidate Paul Ryan asserted on multiple occasions Tuesday morning that the numbers behind the Romney campaign's tax p...

Defend the Charitable Tax Deduction

Kevin K. Murphy | Posted 11.27.2012 | Impact
Kevin K. Murphy

It would be a huge mistake to begin tinkering with the charitable tax deduction. Congress should take no action that reduces the incentives to support the critical work of the non-profit sector.


Shan Wells | Posted 09.26.2012 | Denver
Shan Wells

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Sam Stein

Romney To Middle Class Ohioans: Don't Expect Too Much Tax Relief From Me | Sam Stein | Posted 09.26.2012 | Politics

WESTERVILLE, Ohio -- In a line that event attendees found a bit puzzling, Mitt Romney warned a crowd of mostly middle-class onlookers on Wednesday not...

Sam Stein

Mitt Romney's Five Supportive Tax Policy Studies Aren't All Studies Or Supportive | Sam Stein | Posted 09.14.2012 | Politics

WASHINGTON -- Over the past few weeks, the Romney campaign has repeatedly pointed to five separate studies supporting the candidate's contention that ...

Obama Campaign Ad: Middle Class Will Pay For Tax Cuts For Wealthy Under Romney Ryan Plan

The Huffington Post | Sabrina Siddiqui | Posted 09.12.2012 | Politics

President Barack Obama's reelection campaign is going after Republican presidential candidate Mitt Romney and his running mate Paul Ryan for failing t...

Laura Bassett

Ryan, Romney Can't Say Which Tax Loopholes They'd Plug | Laura Bassett | Posted 09.09.2012 | Politics

Republican presidential nominee Mitt Romney and his running mate, Rep. Paul Ryan (R-Wis.), stressed in interviews on Sunday that they would offset tax...

When You Should File an Amended Tax Return

Jason Alderman | Posted 10.29.2012 | Money
Jason Alderman

Although it's tempting to let such mistakes slide, chances are the IRS will discover the error eventually, and when they do you could be liable for interest and penalties going back to the due date of the original tax return.

Romney Refuses To Say Which Tax Deductions He Would Eliminate

The Huffington Post | Luke Johnson | Posted 08.23.2012 | Politics

In a wide-ranging interview with Time Magazine, Mitt Romney declined to say which deductions he would eliminate from the tax code in order to make his...

Is the IRS' 'Marriage Penalty' Real?

Jason Alderman | Posted 10.09.2012 | Money
Jason Alderman

Marriage does indeed have many financial ramifications -- both good and bad -- and several involve the dilemma over whether to file income taxes together or separately. Let's sort through the noise.

No Tax Break If Client Stiffs You

Julian Block | Posted 10.06.2012 | Money
Julian Block

Contrary to what many self-employed individuals believe, long-standing regulations usually prohibit most of them from claiming bad-debt deductions on their federal and state returns when they are unable to recover amounts due from clients and customers.

A Letter to the Good People at the IRS

Dafna Maor | Posted 09.18.2012 | Parents
Dafna Maor

I didn't know whether to laugh or cry. It was really quite comical, as if someone has written a very politically-incorrect skit for Saturday Night Live.

Tax Compliance Officer Hit With Huge Penalty

The Wall Street Journal | Posted 09.09.2012 | Money

Think you have tax troubles? Jacynthia Quinn probably has more. A U.S. Tax Court judge recently slapped her with a civil fraud penalty of more than...

In Not-So-Shocking News, Republicans Want To Give The Rich A Tax Break

The Huffington Post | Alexander Eichler | Posted 06.20.2012 | Business

We don't want to turn your hair white with shock first thing in the morning, but it appears Republican lawmakers are pushing a tax plan that could mak...

More Than 10,000 Rich Households Didn't Pay Income Tax

The Huffington Post | Catherine New | Posted 05.29.2012 | Money

Out of the 3.9 million households that reported an adjusted gross income of $200,000 or more in 2009, more than 10,000 households paid nothing in taxe...

Define 'Charity,' Define 'Humanity'

Susanne Mentzer | Posted 07.07.2012 | Home
Susanne Mentzer

On his April 27 broadcast, while challenging whether the Mormon Church is a charity, Bill Maher told viewers that donating to the arts also does not qualify as charitable giving, because "unlike food and water, access to Mozart is not a basic human necessity."

Should You Adjust Your Tax Withholding?

Jason Alderman | Posted 06.25.2012 | Money
Jason Alderman

Your goal should be to receive little or no tax refund next year. Better to use that money throughout the year to pay down credit card balances or other debt, build emergency savings, beef up your retirement plan contributions or invest it.

Should You Expect An Audit?

The Huffington Post | Rieva Lesonsky | Posted 04.23.2012 | Small Business

It may be a little late to dispensing tax advice, but often the best time to start preparing for next tax season is while the IRS is still fresh on yo...

Stop Procrastinating: Last Minute Tax Tips | Posted 06.13.2012 | Money

If you're like me, and putting off finishing your taxes until the last minute, you can at least be thankful that we have until April 17th this year to file. I turned to Lisa Greene-Lewis, a CPA and the Turbotax Blog Manager, for advice.

5 Charitable Donation Tax Deduction Tips You Need To Know

Posted 04.14.2012 | Impact

Most gracious givers don't perform altruistic acts completely selflessly. Charitable tax deductions can be a big plus come tax season, and we've compi...

Don't Forget About the Small Business Health Care Tax Credit

John Arensmeyer | Posted 06.12.2012 | Small Business
John Arensmeyer

With tax day rapidly approaching, small business owners still have a chance to cash in on a health care reform provision reserved just for them: health care tax credits.

Tax Tips for Busy Parents

Beth Kobliner | Posted 06.11.2012 | Money
Beth Kobliner

We're not supposed to toot our own horns when we give, but change that way of thinking when it's tax time. Take credit for doing good! Don't forget to count the cost of driving to and from the place you volunteer, and don't undervalue that bag of clothes you donated to Goodwill.

Mr. President, Focus on the 'Baffle Rule,' not the 'Buffett Rule'

Kristie Arslan | Posted 06.11.2012 | Business
Kristie Arslan

Tax credits don't work to encourage behavior if Americans can't understand them, so let's get Congress and the president to enact the "Baffle Rule" this year, so that our taxes for next year are friendlier and less baffling to the self-employed and small businesses.

$1 Billion in Untapped Savings! How You Can Cash in This Tax Season

Priya Haji | Posted 06.10.2012 | Money
Priya Haji

Top Ten List of ways to save on taxes that you may not have taken advantage of before.

There's Money in Your Home Office! Here's How to Find It!

Ebong Eka | Posted 06.04.2012 | Money
Ebong Eka

If you're an entrepreneur or small business owner you are most likely working out of your home. Your home office can be a much-needed tax deduction.