What? I just finished my #$%& taxes, and you want me to plan for next year?! That's right. It's fresh in your mind, and that's the best time to make adjustments to anything, especially your tax preparation.
Hooray, you've received a tax refund! Another "hooray!" because you're financially savvy. You've decided to invest this money. Putting your dollars to work for you is always a smart decision, so congratulations on making this choice. But now, what should you do?
There are unique benefits that married people can take advantage of, as long as you know what you are eligible for. If you plan on tying the knot i...
Banks and equity funds that invest in charter schools in underserved areas can take advantage of a very generous tax credit, which they can combine with other tax breaks while they also collect interest on any money they lend out. Doing this, they can double their money in seven years.
A balance owed to the IRS could result in large fines and put a ding on your credit report. So if you missed the tax deadline, be sure to follow these steps to hopefully avoid most of these consequences.
Gov. Christie and his treasurer are standing firm. They say there will be no tax increases to help New Jersey out of its budget crisis. Why? Because, they claim, the wealthiest New Jerseyans may well "get up and walk out" of the state instead of face a tax increase.
Earlier this week the Internal Revenue Service (IRS) declined to file a petition with the Supreme Court to appeal a recent series of rulings thereby s...
Primitive? That's how the first wave of taxes on legalized recreational marijuana, in Washington and Colorado, may seem. For now, at least, other states are moving toward different tax plans. And it would be amazing if the first laws got everything right.
If you accept one basic premise -- that wealth is finite -- then all the financial, economic and social upheaval in our country starts to make sense. There isn't enough to go around when one sector gets a lock-tight grip on the purse and the purse strings.
Where can the middle class afford to buy a home today? Affordability has worsened in the past year, as home prices have climbed faster than incomes and mortgage rates have risen. But compared with the longer-term past, homeownership still looks relatively affordable:
His state veered hard to the right on tax policy, and as a result its economy has underperformed the rest of country, and his budget is in shambles.
Just this past week, disturbing reports came in about the ongoing violence around the world, and the genocidal violence now taking place in the Central African Republic. As a guest of the State Department, I recently visited Cambodia and later traveled to Vietnam, and was reminded of the tragic history of genocide in the region.
You can retire on social security and live a nice life. What? I thought that was impossible? Yes, it really can be done. I'm not advocating that you do this but the reality is that many people are facing this scenario.
Just because you incur expenses for business reasons doesn't mean that they automatically qualify as deductible. The Internal Revenue Code stipulates ...
Tea Party groups have evolved over time. Initially, they were supposed to be grassroots, libertarian, and spontaneous; but there were many who almost immediately attempted to grab the Tea Party mantle and turn it into their own giant political machine.
You pay taxes to the state every year. It's our duty as citizens to open the checkbook and give to Illinois, along with local governments and the federal government. But at the state level, what exactly are your tax dollars going for?