If you’ve paid contract or freelance workers more than $600 throughout the tax year, you are required to file a 1099-MISC. Here’s how.
Do I Need To File A Tax Return? It Depends Upon A Variety Of Factors.
Most people, except for a few who don’t make enough, will need to file taxes. Even those who aren’t making enough may want to file. Here’s why.
Payroll Tax Cut Temporarily Extended For 2012
The payroll tax holiday was extended by Congress temporarily through February of 2012. Here’s what you can expect.
Cushion Your Holiday Spending With Year-End Tax Reduction Strategies
Here are three tax reduction strategies you may want to consider before the end of the year.
Lending Club Income And Taxes
If you made interest income on your Lending Club account, you’ll need to report that income on your taxes, even if you don’t get a 1099.
Will There Be A 2012 Payroll Tax Holiday, Or Will An Extension Be Blocked And Taxes Rise In 2012?
Last year around this time we were in the midst of a debate in Washington D.C. about whether or not our legislators would be extending the Bush era tax rates. The Bush tax cuts lowered rates for everyone who pay taxes. The concern for a lot of politicians was that if they didn’t extend the […]
2012 Federal Income Tax Brackets: IRS Marginal Tax Rates
The 2012 tax rate tables are projected to remain essentially unchanged.A few rate income ranges and standard deductions will change slightly.
Blog Conference Expenses Are Tax Deductible. Don’t Forget To Claim Them.
As this year’s Financial Blogger Conference quickly rolls around we’ve seen a variety of posts talking about how to save on blog conference costs, including the one on this site. One of the points I briefly touched on in that post was that as a blogger you can deduct certain expenses for these conferences on […]
Will The Roth IRA Always Have Tax Free Withdrawals Or Could The Government Change The Retirement Accounts?
Roth IRA currently allows for tax free withdrawals at retirement, with no required minimum distribution. Will the accounts always stay tax free?
What Should I Do If I Miss The Tax Deadline? What Happens If I Don’t File My Tax Return?
The saying goes that there are only two things that are sure in life, death and taxes. I think you can add one more thing to that list. You can be sure that you don’t want to mess around with the IRS and not file or pay your taxes. Just look at a long list […]
Handy List Of Common Tax Deductions
We’re getting close to the time of year in which we have to file our personal taxes. Every year there are itemized deductions that are overlooked which can lower your taxable income. You certainly don’t want to pay more taxes than you owe, so it’s a good idea to make sure you’ve deducted everything you […]
Unclaimed Tax Refunds: Do You Have A Refund Waiting For You?
The IRS estimates 1.1 million taxpayers who neglected to file a 2007 return are eligible for refunds, but that they had better act soon. The deadline for claiming a refund for that tax year is April 18th of 2011, and you must file a return to get a refund. 1.1 million taxpayers didn’t file their […]
How To File Your Federal Taxes For Free This Year: Do You Qualify?
Last year I was considering going to a CPA because my tax situation was becoming more complicated, with the side income I was reporting from the blog. After looking into it, however, and procrastinating until the last minute, I ended up deciding to use the Deluxe version of the TurboTax software because April 15th was […]
If You Itemize On Your Taxes You Can Now File Your Returns With The IRS
Due to the tax filing delays a lot of people who itemize weren’t able to get their tax refunds as soon as they usually do. Thankfully the delay is now over.
