Tax Lounge Blogs

You may go looking for a lot of things on March 17, whether it’s a rainbow, pot of gold, or a pub. One thing is for sure, green can be seen everywhere this month — like shamrocks, refund money, and leprechaun outfits.  
Posted To: Miss Liberty Tax By: Miss Liberty Tax on Wednesday, March 12, 2014
The deadline is just weeks away for Americans to get health insurance and avoid the tax penalty. By March 31, 2014, every American must have health insurance unless they qualify for an exemption (see below) or face the penalty. 
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Wednesday, March 12, 2014
While the broader economy has made serious strides toward recovery in the past few years, many Americans are still struggling to make ends meet. That includes people who are collecting unemployment insurance benefits, or did at any point in 2013.
Posted To: Tax Ranger By: Tax Ranger on Tuesday, March 11, 2014
Millions of people nationwide are in the final stages of putting together their tax information for 2013, but many maybe worried about the ways in which they will be able to reduce their liabilities. This certainly includes military families many, of whom may be living on relatively tight budgets, and could therefore use any tax break available to them. 
Posted To: Tax Ranger By: Tax Ranger on Monday, March 10, 2014
Yep… it’s that time of year again! Don’t be fooled by the winter weather. Spring is quickly approaching, and Daylight Saving Time is this weekend – starting March 9 at 2 a.m.
Posted To: Miss Liberty Tax By: Miss Liberty Tax on Thursday, March 06, 2014
Millions of Americans deal with high costs for college tuition and other expenses related to furthering their education, and these can often be extremely burdensome even for those who are well-off. Fortunately, the federal government allows consumers to write off up to a few thousand dollars related to these bills as long as they meet certain conditions, and this can serve to significantly reduce their tax liabilities.
Posted To: Tax Ranger By: Tax Ranger on Wednesday, March 05, 2014
With the onslaught of the harsh, not to mention unusual, winter storms hitting the south and eastern seaboard, many residents were faced with a variety of problems from property damage to area businesses and school closings. Liberty Tax can’t offer input on the closings but we can offer advice to those who have experienced property damage.  
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Tuesday, February 25, 2014
Millions of Americans know that there can be significant tax benefits available to them if they know what they qualify for, but the knowledge gap is often a difficult one to overcome, and many taxpayers could leave large amounts of money on the table. One of the things that might benefit people most is looking into any deductions that are available for people of their station in life, because there might be more than a few.
Posted To: Tax Ranger By: Tax Ranger on Tuesday, February 25, 2014
Speculation that many individuals will opt to pay the annual penalty instead of acquiring health insurance has the success of the Affordable Care Act (ACA), also called Obamacare, in question. However, recent numbers from the Department of Health and Human Services (HHS) show an increase in young adults (18 - 34) who have enrolled in the Health Insurance Marketplace plans in the last month.
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Thursday, February 20, 2014
It’s rumored that the average lifespan of a New Year’s resolution lasts only two months – HA! Try two glasses of wine for some of us (ah-hem). 
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Tuesday, February 18, 2014