Do you support one or both of your parents? Now is the time to nail down dependency exemptions for them. For 2015, you can claim an exemption of $4,0...
As part of your tax planning, you need to consider an expected change in your filing statue for this year or next.
The IRS generally says "no" to tax deductions that might ease the pain of divorce. The agency has no sympathy for payments to mediators or litigators and other costs associated with a divorce. It characterizes those outlays as nondeductible personal expenses.
Policymakers should remember that while workers in Puerto Rico do not pay federal income taxes, they pay Social Security taxes, and a key rationale for the EITC is to help offset both taxes for low-income working families.
The key to cutting through the campaign rhetoric to determine what each party stands for is found in John Mitchell's advice, "Don't follow what we say...
Tax-cut proponents predicted an economic boom, not meager growth. When Governor Sam Brownback signed the tax cuts into law, he said they would provide "a shot of adrenaline into the heart of the Kansas economy."
It's interesting to watch the presidential candidates fighting over a 0.2 percentage point tax increase. It would be much more interesting to see them debate a Federal Reserve Board policy that can have an impact on after-tax pay that is 40 times larger.
For most Americans, it would be a stretch, but let's just say you want to give someone a big cash gift this year. Let's say you're feeling really generous and want to give your BFF $10,000 dollars. Guess what? They would not have to pay any taxes on it.
Despite the presence of an increasingly viable progressive alternative, Democrats continue to lean against their own interests in the mistaken belief that it will help them win elections. Then they wonder why we're stuck with rising inequality and a political system rigged against the majority of the population.
Are you planning on pushing your retirement age out as far as possible, or continuing to work part-time during your retirement years? A growing number of people are following this path, driven partly by enjoyment of their work and partly by economic necessity.
Our union represents more than a quarter million hotel, food service and gaming industry workers who make at most $50,000 per year in wages and benefits. The majority of UNITE HERE's members are women and immigrants. Most drive modest family cars--not Cadillacs--if they have a car at all.
Our previous national focus on economic inequality is being drowned out, at least temporarily, by incessant calls for boots on the ground, no-fly zones, embargoing Syrian refugees and demands for increased surveillance -- the stuff of which the right thrives upon. Will the Sanders campaign also become a casualty of the ISIS assaults?
This rigs the game against families and smaller businesses that have to pick up the slack. Families and small U.S. companies pay 17.5 percent. The biggest corporations pay less, even zero.
People love tax cuts. They see them on the ballot and they will gleefully vote for them, often without thinking twice about their consequences. Rece...
For many, evaluating health care coverage options is a really big decision, as it affects both health choices and finances, but with the right information and tools at hand, the process of signing up for and later reporting health care coverage on tax returns is simpler than ever. Here are some important things to know.
In the past, companies thanked military veterans with meals or discounts on Veterans Day and now, in part because of Social Media, we are all aware of...