When it comes to making deductions during filing season, consumers may be aware of the large items they are allowed to write-off, such as their mortgage taxes and charitable contributions. But there a...
Paying for college is an expensive endeavor, but it's one that millions of young adults undertake each year in order to pave the road to a better future. A number of tax breaks are available for m...
Few Americans stay employed with the first company they joined for the duration of their lives, which often prompts them to transfer their retirement fund to a new account at least once. However, cert...
Budget shortfalls are impacting many states across the country, and some are finding ways to squeeze additional income by cutting longstanding tax incentives.Michigan has announced it will eliminate a...
Many high school and college students spend their summers toiling away at restaurants, grocery stores and outdoor positions. But what many may not realize is that their summer job may have tax implica...
Although the economy is making a slow recovery, many families are still hard-pressed and working to make ends meet. As a result, some may have found relief by taking out a loan against their 401(k)s.T...
No one enjoys receiving a bill from Uncle Sam at the end of tax filing season, and the results of a new study show fewer Americans will have to worry about owing the government during the 2011 tax yea...
A recent study shows that more Americans are loosening their purse strings and making charitable contributions to qualified organizations. However, tax professionals are urging individuals who plan to...