Tax Lounge - Blogs | Liberty Tax Service

Planning for Retirement

Whether you’re 21 or 51 you need to begin to understand how much money you’ll need for your retirement years. To do this, you might consider starting with what your living expenses are today and subtracting out those expenses that will no...

Posted to Tax Mommy's Blog by Stephanie Brenneman on 03-18-2010

Filed under: retirement, Social Security, 401(K), IRA, tax savings

Are Employee Business Expenses Simple to Deduct on your Taxes?

So you are an employee (receive a W-2) and you have some business expenses required for your job, but your employer does not pay you for them. Can you take them off of your taxes? For expenses to help you on your taxes, you must file a schedule A. So...

Posted to Taxingly Simple by Tiffany by Tiffany on 03-15-2010

Filed under: #li, linked in, file taxes, income tax preparation, Tiffany Dodson, personal income tax, federal tax, refund, business expenses, individual income taxes, schedule A deductions, itemize taxes, business tax deductions, tax deductions, itemization

Individual Retirement Accounts

A pathway to retirement and tax savings for many taxpayers is an Individual Retirement Account (IRA) . Everyone under 70 ½ by the end of the tax year who has taxable compensation can contribute to an IRA. Compensation for IRA purposes includes...

Posted to Ramblin Randall by Ramblin Randall on 03-10-2010

IRS offers tips to disabled taxpayers

The Internal Revenue Service is reminding people with disabilities that there may be a number of strategies they can follow to minimize their tax obligations for any given filing season. According to the IRS, people who are legally blind may be able to...

Posted to Tax Ranger's Blog by Tax Ranger on 03-05-2010

Filed under: Tax Tips

IRS handles millions of tax returns each year

Taxpayers who are wondering about the daunting task facing the Internal Revenue Service during any given filing season can take a look at some recently released statistics from the tax agency. According to the recent data, the IRS processed 142.4 million...