Tax Lounge Blogs

As the year comes to a close, the housing market remains a top priority for lawmakers and homeowners next year. In addition to high rates of foreclosure short sales, many families are still carrying n
Posted To: Tax Ranger By: Tax Ranger on Friday, December 21, 2012
It’s the season for giving… and the IRS is doing their part to encourage your charitable contributions. If you itemize your deductions, your donations may be deductible when you get started on your 2012 tax return.
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Friday, December 21, 2012

Sometimes we get caught up in discussions about Fiscal Cliffs, Mileage rates or if your lottery winnings are taxable.  But, then the events that tragically happened at Sandy Hook Elementary happen and we realize that we spend a lot of

Posted To: David Rocci Tax Rants By: David Rocci on Monday, December 17, 2012
Many people with second properties find themselves becoming "accidental landlords" when they rent out these homes or condos to others at various points of the year. The Internal Revenue Serv
Posted To: Tax Ranger By: Tax Ranger on Monday, December 17, 2012
Homeownership is not only considered a smart financial investment, but also a satisfying personal aspiration. However, owning property is one of the most significant monetary moves most people make du
Posted To: Tax Ranger By: Tax Ranger on Monday, December 10, 2012

The IRS just released its standard mileage rates for 2013, which show slight increases from the current 2012 rates. These rates are made available so that employees, self employed individuals, and other taxpayers can calculate their tax deductible transportation costs

Posted To: David Rocci Tax Rants By: David Rocci on Sunday, December 09, 2012
After the largest Powerball lottery in history ended last week, many Americans may be wondering how much those lucky winners will walk away with. The final jackpot totaled $587.5 million, with two win
Posted To: Tax Ranger By: Tax Ranger on Monday, December 03, 2012

President Obama is active pitching his plan to preserve current rates for the middle class while raising them for the wealthy. Congress and President Obama are actively trying to avoid the “fiscal cliff” which is a series of tax increases

Posted To: David Rocci Tax Rants By: David Rocci on Wednesday, November 28, 2012
For the thousands of victims who were affected by Hurricane Sandy, coming up with the funds to cover daily costs or start rebuilding their homes can be challenging. While many may have homeowners and
Posted To: Tax Ranger By: Tax Ranger on Tuesday, November 20, 2012
Many Americans are concerned about the potential tax changes that may take place by the end of the year. While lawmakers have yet to make concrete changes to current rules, several proposed alteration
Posted To: Tax Ranger By: Tax Ranger on Monday, November 19, 2012