Tax Lounge Blogs- Posts Tagged with Taxingly Simple

Let’s start with the basics, like what is a W-4? A W-4 is a Federal forms that tells your employer how much federal tax to with-hold.  You can adjust your with-holding by changing your fil...
Once more, the government has extended the First Time Homebuyer's Credit.  What is important about this extension is that a taxpayer must have purchased the home before May 1, 2010- that portion ...
Ahhh, school supplies, the smell of fresh books, and yellow buses on the road mean one thing....it is time for Tax School to start!  I know, most people say that there is no way that they would l...
Roth IRAs (Individual Retirement Arrangement) is a popular savings tool as it allows flexibility when withdrawing funds.  Additionally, a Roth IRA allows your money to grow tax deferred, or tax...
So you have a passion for shoes, panache for fixing things, or joy from cooking grandma's dessert recipes.  And you decide to fuel your passion/panache/joy, and pay your bills, by selling or sh...
Do you like jumping through hoops?  Filling out itemized deductions on a Schedule A is very similar.  Trying to figure out if you can itemize your taxes (Schedule A) is like jumping throug...
As economic reports show the economy improving, Congress voted in some tax laws that will benefit taxpayers.  Now there is a simple fact that we can all appreciate.  But tax laws change ...
Determining whether Social Security Income is taxable causes a lot of confusion.  Beliefs regarding an answer are usually black and white.  Most believe that Social Security income is nev...
Posted To: Tax Lounge By: Tiffany Dodson on Thursday, December 04, 2014
Determining whether Social Security Income is taxable causes a lot of confusion.  Beliefs regarding an answer are usually black and white.  Most believe that Social Security income is nev...
As economic reports show the economy improving, Congress voted in some tax laws that will benefit taxpayers.  Now there is a simple fact that we can all appreciate.  But tax laws change ...