Tax Lounge Blogs

A large number of tax credits are available to help consumers either reduce their liability or receive a bigger refund from Uncle Sam. However, many credits are restricted to those within certain inco...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Many taxpayers have already begun preparing their documents, gathering their receipts or invoices and calculating their tax liability for filing season. But when it comes down to it, individuals shoul...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
A longstanding battle between the government and hospitals was settled by the U.S. Supreme Court, which ruled in favor of the Internal Revenue Service. As a result, full-time medical residents, who we...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
More consumers rely on their smartphones applications to make key financial transactions, save money and find products more conveniently. In recognition of this trend, a new app has been created to he...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Education costs are steadily increasing and more Americans are seeking out scholarships to help cover the high price of tuition. However, many have questioned whether scholarships are tax-free or must...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Many recent graduates will be filing their taxes for the first time this year, and many have expressed concerns over their understanding of complex tax codes. In addition to confusion over tax forms, ...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Small businesses report the 2010 tax year will be more difficult than in prior years, according to the results of a new survey.The study, conducted by Discover Financial Services, shows more small com...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Homeowners who meet certain conditions may be allowed to deduct their private mortgage insurance premiums from their income taxes. Private mortgage insurance, or PMI, is a requirement for homeowners w...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Most taxpayers are aware that a large number of tax benefits exist in a broad range of categories, from retirement and education to travel and job search expenses. But there are some tax breaks that o...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Filing by the tax deadline may be difficult for some Americans, especially if they travel frequently or have a large amount of paperwork to gather for their returns. Consumers who think they may miss ...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014