As a part of this ruling, couples have the option to go back and amend their last three years tax returns, if they would have received larger tax refunds by filing a joint tax return.
Why should freelancers forget about any kind of relief when they fill out their tax forms?
The following was originally posted in Kevin's blog, MyMediaDiary.com An American buying a lotto ticket seems a bit redundant. After all, in the mill...
Recent drops in interest rates have prompted millions of households to refinance their mortgages. Borrowers who refinance need to familiarize themselves with tricky tax rules on what is or isn't deductible for interest payments. Here are some reminders on how the rules work.
About 110 million taxpayers got a tax refund last year -- that is about three out of four filers or 75 percent of all taxpayers. A tax refund is a refund of your money -- getting it sooner is always better than getting it later.
When pilfering from a nonprofit organization takes place, both the donating public and the government take a hit.
It's hard to say whether the economy has been naughty or nice this year. Employment growth has been up and down all year, raising hopes and then dashing them in a continuous cycle. Even so, suppose you indulged the economy by letting it make a holiday wish list.
You, and many American taxpayers, may be in danger of leaving some of your hard-earned money on the table and otherwise losing some tax benefits you otherwise deserve and can get quite easily.
By declining to hear a challenge to New York State's "Amazon law," the U.S. Supreme Court has now helped pave the way for states and localities to collect more of the roughly $13 billion that they're owed each year in uncollected sales taxes on Internet purchases.
During the holidays, an estimated 75 percent of Americans plan to donate to charity but what many don't realize is that they can turn their generosity into tax savings by claiming a variety of donations on their tax returns.
In other words, from a white persons point of view, reparations for the 346 years of chattel slavery and near-slavery like conditions of Jim Crow racism involves a call for black Americans "to do for themselves." Black folk need to get their moral house in order.
Since I'm a tax guy, I'm certainly thankful that I work in a field that keeps me engaged and always learning. And also, since I'm a tax guy, this Thanksgiving, let's look at some things to be thankful for from a tax perspective.
If there was ever a small opening for the GOP to win the hearts and minds of millennials, pot might be the golden ticket.
'Tis the holiday season, and that means vacation time, holiday parties and, the most loaded perk, holiday bonuses. But before spending your bonus, find out how much you'll really receive after taxes are withheld.
The Thrive Budget is based upon a simple formula that you should be limiting your basic needs expenditures to 50 percent of your budget, while the other half should be empowering you to thrive.
Many people believe that tax incentives are at best, short-sighted and, at worst, having a negative economic affect on a state and local community.