Tax News

Many consumers across the country have investment vehicles in their names as they try to save up for their retirement, but many of these products come with different tax rules associated with them. Perhaps one of the products that taxpayers understand least in this regard is the IRA, which is incred...
Posted On: 10/7/2014 12:48:56 PM
Driving is something nearly every American does with regularity, and there are many costs typically associated with this. Fortunately, when it comes time to pay taxes, some of these costs could be written off, at least in certain circumstances. For this reason, consumers who drive a lot might w ...
Posted On: 10/6/2014 12:58:00 PM
Many people know full well that the process of filing taxes can often be time-consuming and confusing, especially if they didn't do a lot of preparatory work beforehand. Couple that with the perception that even the simplest mistake will trigger the scariest thing in the tax system - an audit - ......
Posted On: 9/25/2014 11:46:08 AM
Over the past year, millions of Americans have been able to obtain relatively low-cost health coverage as a result of signing up for the insurance they purchased through the Patient Protection and Affordable Care Act's mandated exchanges. However, what many people who did so might not know is th ......
Posted On: 9/18/2014 4:48:23 PM
Every year, consumers might wonder about the ways in which they can reduce their tax liability by potentially significant amounts, and one such method for doing so that they may not always consider - or even fully understand - is the gift tax exemption. These are not always waters that are easy ...
Posted On: 9/18/2014 10:54:21 AM
Every year, millions of Americans might take the time to buy a lottery ticket or two, or maybe head to a nearby casino. And, if they are lucky enough to win a bit of money when they do so, that could end up having a significant impact on their tax filing status overall, and that's also true for ......
Posted On: 9/15/2014 12:21:12 PM
When it comes to tax planning, most consumers tend to put it off until the weather starts to turn cold, and many even wait until the start of the new year, when the filing deadline is just a few months away. However, experts actually recommend that Americans do all in their power to plan their tax s...
Posted On: 8/22/2014 10:10:14 AM
Many Americans may have a lot of questions about the ways in which the things they do over the course of the year may end up affecting their tax liabilities at the end of it. The fact of the matter, though, is that a lot of people simply don't do enough of their due diligence when preparing for ......
Posted On: 7/18/2014 1:35:48 PM
Many - but perhaps not enough - Americans take some time during the early summer to look into how their finances are progressing for the year, and what that could mean for their tax liabilities as filing season approaches. This is often a very good idea for anyone to undertake, but at the same time,...
Posted On: 7/16/2014 2:35:23 PM
Many consumers may not like to think about it, but tax time is probably closer than they might realize, at least in terms of when the filing period opens. While the deadline is months away, experts generally agree that those who stay on top of planning all year long are going to be in the best posit...
Posted On: 7/10/2014 2:13:11 PM