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Tax News

  • Making a checklist may help you prepare more adequately for filing season.

    Have you completed your January tax checklist?

    1/30/2012

    Although the year has only just begun, the deadline for filing taxes is right around the corner, and individuals who haven't organized their paperwork can make preparing their taxes easier if they prepare a checklist.... Read More

  • Make sure your cash and check contributions meet their respective deadlines before deducting them from your 2011 taxes.

    Beat the clock when it comes to last-minute contributions for 2011

    12/27/2011

    As the end of the year quickly looms, many taxpayers are scrambling to make their last minute tax moves to save money during filing season.... Read More

  • Review your finances before the end of the year to better prepare for filing season.

    Start thinking about end-of-year tax breaks

    11/28/2011

    The end of 2011 is quickly approaching, meaning that consumers have a very limited time to take any financial actions that may impact their income taxes this year.... Read More

  • Parents with special needs children may qualify for tax breaks.

    Parents with special needs children may qualify for tax deductions

    11/28/2011

    Caring for a child with special needs requires parents to seek out a number of services, programs and other expensive amenities to accommodate their son or daughter.... Read More

  • Seek out other financial alternatives before taking a hardship withdrawal and jeopardizing your nest egg.

    Think twice before taking a hardship withdrawal from a 401(k)

    10/24/2011

    Millions of Americans are facing severe financial constraints that make it difficult to meet their obligations as a result of the stubborn unemployment rate, housing crisis and debt.... Read More

  • Taxes and the NBA

    Taxes and the NBA

    10/24/2011

    With the recent NBA lockout, and no clear end in sight, basketball fans are wearing frowns across the nation. To get those guys back in uniform, the National Labor Relations Board (NLRB) would have to issue a complaint against the owners, rule that the league has engaged in unfair labor practices, then convince a federal court that the players have been caused irreparable damage during the lockout.... Read More

  • Flexible savings accounts may help you reduce your taxable income when you pay for medical services that are not covered under standard insurance.

    Reap the tax benefits of flexible spending accounts

    10/19/2011

    Healthcare costs constitute a sizable percentage of most households'' income, even in the absence of a critical illness or debilitating condition.... Read More

  • Terrible Tax Breaks

    Terrible Tax Breaks

    9/8/2011

    According to a recent IRS filing, the estimated time it takes to generate nearly all paperwork associated with taxes exceeds 7.64 billion hours. In addition to the costly time burden, individual taxpayers will directly spend an estimated $35.2 billion this year for tax software, tax preparers, postage, and other out-of-pocket costs.  ... Read More

  • Carbon Tax: Get Credit for Helping to Save the Environment

    Carbon Tax: Get Credit for Helping to Save the Environment

    9/8/2011

    These days, the government is cracking down heavily on environmental issues - with good reason! And while all go-green initiatives are important, one primary concern is the consumption of carbon. Hence, the carbon tax, a tax on the carbon content of fuels, essentially on the carbon dioxide emissions from burning fossil fuels.   ... Read More

  • Six Benefits of E-Filing Your Taxes Next Year

    Six Benefits of E-Filing Your Taxes Next Year

    9/8/2011

    E-filed returns are becoming more and more popular every year. The number of e-filed returns has risen exponentially over the past few years, with over 99 million people e-filing in 2010.  ... Read More

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