Tax Lounge Blogs

Most college kids across the country know full well that their budgets can be extremely tight. Between paying for school and often only being able to work part-time jobs, there's not usually a lot of money to pay for everything they might want. Fortunately, when it comes to the amount they have to pay the Internal

Posted To: Tax Ranger By: Tax Ranger on Thursday, November 13, 2014

Every year, millions of Americans buy a home, and many of those are doing so for the first time. With this in mind, it's important to note that some of those people might not know that owning their own home often entitles them to take a number of tax breaks that might not have been available to them when they were

Posted To: Tax Ranger By: Tax Ranger on Tuesday, November 11, 2014

When two people get married, they likely do so knowing about the many ways in which their lives will be different from now on. But one thing many may not consider when getting married, unless they're doing it during the run-up to tax season, is the ways in which this can significantly change their tax filing statu

Posted To: Tax Ranger By: Tax Ranger on Tuesday, November 11, 2014
Veterans Day presents the perfect opportunity to discuss overlooked military tax deductions. Why? Veterans are top of mind as we honor our heroes on their special day, November 11. There’s never a bad time to talk about overlooked tax deductions. 
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Wednesday, November 05, 2014

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 incredibly popular as a s

Posted To: Tax Ranger By: Tax Ranger on Wednesday, October 29, 2014

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 want to look into whether

Posted To: Tax Ranger By: Tax Ranger on Wednesday, October 29, 2014
Every year, consumers are likely on the lookout for many different ways in which they can reduce their ongoing tax liabilities, and one of the best they can usually find is by making sure to take advantage of the charitable donation deductions made available by the Internal Revenue Service.
Posted To: Tax Ranger By: Tax Ranger on Tuesday, October 28, 2014
When it comes time to pay their taxes, many Americans are always trying to find ways to reduce their liabilities, and the most common way to do this is often via deductions. However, there are many kinds of deductions for which the average person may be eligible that they don't even know about, and as such it might be wise for them to take some time to think about whether they should itemize.
Posted To: Tax Ranger By: Tax Ranger on Tuesday, October 28, 2014
Tax filing season can be a trying time for many Americans, often because they're concerned about filing all their documents correctly. And while many may catastrophize the impact of a mistake on their documents to an extreme degree, the fact is that there can be some serious fallout for those who are particularly cavalier.
Posted To: Tax Ranger By: Tax Ranger on Tuesday, October 28, 2014
If you received an IRS letter, there’s a 50 percent chance you didn’t understand it. It’s not you, it’s the IRS, according to an October 2014 report by the Treasury Inspector General for Tax Administration (TIGTA).
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Monday, October 20, 2014