Tax Lounge Blogs

This filing season, many parents and students will be able to defray higher education expenses somewhat with help from a federal tax credit that was part of last year's stimulus bill. An announcement ...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
One of the most popular items in the tax code this filing season will be the credit for homebuyers, although not everyone may immediately understand all of its provisions without consulting a professi...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
With tax filing season approaching, some people may find themselves making some common mistakes that can easily be avoided with help from a professional tax preparer. One of the most common difficulti...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Navigating the nuances of the tax code can be a complex process that many people find is best handled by a skilled tax preparer.Despite calls from many quarters for simplification of the tax code, IRS...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
The recession has seen millions of Americans struggling with high credit card debt, and in some cases, they have been able to reach settlements with their lenders to help them avoid further financial ...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
When it comes to tax filing season, one good strategy for people to remember is to try to avoid waiting until the last minute. A recent report in Vermont's Rutland Herald newspaper notes that this ad...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
One thing that people should remember during tax filing season is that if they won money while gambling over the past year, it is considered to be fully taxable income by the IRS. The IRS Web site rep...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
For families who have been struggling to make ends meet due to tough economic times, one potential bright spot this tax filing season could be the Earned Income Tax Credit (EITC). A recent announceme...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
For people who tried to find new jobs in the past year, the tax code may offer a number of different benefits for them this filing season. For example, the IRS reports that various job search expenses...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
This filing season, the IRS is taking steps to ensure that everyone who qualifies for the Earned Income Tax Credit (EITC) is able to benefit from it. The EITC has been widely credited with helping wor...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014