Tax Lounge Blogs

Although the economy is making a slow recovery, many families are still hard-pressed and working to make ends meet. As a result, some may have found relief by taking out a loan against their 401(k)s.T...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Few Americans stay employed with the first company they joined for the duration of their lives, which often prompts them to transfer their retirement fund to a new account at least once. However, cert...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Budget shortfalls are impacting many states across the country, and some are finding ways to squeeze additional income by cutting longstanding tax incentives.Michigan has announced it will eliminate a...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Many high school and college students spend their summers toiling away at restaurants, grocery stores and outdoor positions. But what many may not realize is that their summer job may have tax implica...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
When it comes to making deductions during filing season, consumers may be aware of the large items they are allowed to write-off, such as their mortgage taxes and charitable contributions. But there a...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Paying for college is an expensive endeavor, but it's one that millions of young adults undertake each year in order to pave the road to a better future. A number of tax breaks are available for m...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Americans usually spend 30 to 40 years building up their retirement funds in order to ensure they have sufficient nest eggs by the time their golden years come around.But recent market volatility has ...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Taxpayers who are struggling to make ends meet may see some additional relief in 2012. The Internal Revenue Service recently announced inflationary adjustments relating to a number of income and estat
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Americans have recently been inundated with reports that they are not saving adequately for retirement, as well as the consequences and ramifications of falling short during their golden years. Althou...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
An IRS audit can conjure fear in the majority of Americans and even the tiniest of mistakes can trigger a more skeptical look at taxpayer returns. However, a new pilot program launched by Uncle Sam wi...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014