Tax Lounge Blogs

When a person lands, or loses, a job, the last thing they may think about is their taxes. But these events could all have an effect on your income returns during filing season, so it's best to sit dow...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
When a couple decides to tie the knot there is a great deal of planning involved for the big day. But individuals should also make sure they get all of their financial skeletons out of the closet prio...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Certain age groups may benefit more from tax breaks, a new report reveals. A study conducted by the National Association of Home Builders shows younger households may gain more from housing-related ta...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
As the cost of healthcare continues to rise, new tax credits associated with healthcare reforms are expected to play a central role in making medical care more affordable, especially for low- to middl...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
More small businesses are taking advantage of the HIRE Act Tax Exemption, as evidenced by the most recent statistics from the Department of the Treasury.According to the report, more than 8.1 million ...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Thousands of homeowners have reported issues with defective drywall, placing a financial strain on many Americans. To provide some financial relief, the government recently announced it will offer a t...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
By filing a tax return, taxpayers may be able to claim personal exemptions, deductions and credits that can lower their taxes. If a return is filed late or not at all, however, it can be rather expens...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Thanks to the Recovery Act, people who weatherize their homes can not only lower their heating bills but also reduce their tax liability.The Act has been expanded into two home energy tax credits: Non...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Although Tax Day is roughly five months away, the Minnesota Department of Revenue is reminding veterans who file Minnesota tax returns about a benefit available to them.Veterans who served in a combat...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
A large number of tax credits are available to help consumers either reduce their liability or receive a bigger refund from Uncle Sam. However, many credits are restricted to those within certain inco...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014