Tax Lounge Blogs

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
Many people are already consulting with their tax preparers and reading up on the many changes that were made to the tax code over the past year. However, the IRS is reminding people that it can be ve...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
One benefit of hiring a skilled tax preparer is that people are less likely to fall for misinformation about their fiscal obligations and the tax code in general. In fact, this problem is so common th...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
The IRS is advising people that whether they have been married or divorced in the past year, there are certain tax implications to take into account at filing time. According to the agency's Web site,...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Families that have students in college should be sure to check with their tax preparer in the coming filing season to learn more about the various deductions and other benefits that may be available t...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
The federal stimulus bill contains many tax-related provisions to help people make ends meet during the recession, including a higher standard deduction for people who do not itemize. According to the...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
It can be a complex and costly process to obtain security during one's retirement years, but people may want to speak with their tax preparer about one specific part of the tax code that may prove hel...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Just because a person is under age 18, it doesn't mean that they won't have certain tax obligations at filing time. For example, current IRS rules state that a dependent must file a tax return if they...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
People who use their own car or other vehicle for business purposes can deduct a variety of expenses, including mileage, at tax filing season. For the current filing season, the standard mileage rate ...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
With the job market and economy starting to improve, a growing number of workers are also finding themselves fortunate enough to be with a company that offers a retirement plan and contributes regular...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014