A while back we talked about the energy efficiency tax credits for home improvements that are available through the end of 2010 for homeowners to upgrade their windows, heaters, insulation and other energy efficient products. Now it sounds like the government is considering passing another program, the Homestar Program, that would give rebates to homeowners […]
Ten Things You Should Know About Taking Early Distributions From Your Retirement Plan
During tough times like these a lot of people are running into situations where they may h ave to take an early distribution from their retirement plan to help pay for bills, a home mortgage or some other expense. While it’s not typically something you should probably do, in some cases it’s unavoidable. Today I […]
First Quarter Estimated Tax Payment Is Due On April 15th. Make Your Payment Now!
Tax day is creeping up on us again. Most people are in the middle of filing their 2009 tax returns, however, if you have self employment income you’ll also be needing to send in your taxes for your 1st quarter estimated tax payment. Thankfully I just completed my 2009 taxes earlier this week, and made […]
Time To Get Taxes Done Or File A Tax Extension
The hands of time keep turning. No matter how badly you want to run from it, April 15th is close. Now, some of you have responsibly filed your taxes. You might already be wasting your huge tax return. But, there are some of you who are calling out, “Maranatha”, but yet God patiently waits for […]
How To File Your Federal Taxes For Free
It’s that time of year again when all of us procrastinators are scrambling to get all of our tax information together so that we can pay our taxes without going over the April 15th deadline. I for one dread this time of year every year. I know I’m going to be spending 1-2 nights tracking down […]
What Documentation Do I Need To Claim The First-Time Homebuyer Tax Credit
If you’re planning on claiming the First-Time Homebuyer Tax Credit on your 2009 tax return you’re going to have to provide some extra documentation when filing. Not sure what documents you’re required to include? The IRS has provided some guidance on the topic. Required Documentation For The Homebuyer Tax Credit The IRS includes these tips […]
Need Tax Forms? Here Are Five Ways To Obtain Your IRS Tax Forms
Where Can I Find My Tax Forms? By now you should have received all of your important tax reporting forms – your W-2, your 1099s, interest reporting forms and the like. The time for actually filing taxes is here, and if you’re filing your taxes by hand (I don’t do this anymore), the IRS has […]
Top 10 Tax Credits To Take Advantage Of
This is an article from PT over at PTMoney.com. Head on over to his site and to get his 52 Ways To Make Extra Money e-book. It’s that time of year again. Time to file your taxes. Whether you do it yourself, or you hand things over to a CPA, it’s good to be familiar […]
File Your Taxes This Weekend To Get A 70% Discount Off H&R Block At Home (AKA – TaxCut)
Starting today, and going through the weekend (February 14th) H&R Block is giving a big Valentine’s weekend discount to users of their software H&R Block At Home (formerly TaxCut). H&R Block At Home will have discounts of up to 70% off the regular prices for the company’s online do-it-yourself tax filing software. Here’s how it […]
Questions About The New Car Sales Tax Deduction Answered
I have been getting a lot of questions lately about the new car sales tax deduction that people can claim for cars bought in 2009. A lot of people are getting ready to do their taxes, and they’re wondering if they qualify for the tax deduction. In the interest of answering some of the most […]
Why Shouldn’t You Add Your Kid’s Income Onto Your Tax Return?
This is an article by Carol Topp, CPA. Carol is the mother of two teenage daughters and she lives in Cincinnati, Ohio. She discusses teenagers and taxes at http://TeensandTaxes.com. Bonnie had been adding her son’s interest income to her tax return for many years. That was a $1,000 mistake. She was overpaying Uncle Sam and […]
3 Reasons Why A Big Income Tax Refund Is A Horrible Thing
Over the next few months we will be taking a long and laborious journey through the perilous tax season. But, some of you are giddy with excitement. You think you are finally going to get something of value from the government – an income tax refund. All year you’ve been waiting for this moment. Now […]
2010 Tax Credits For Energy Efficient Vehicles: Tax Incentives For Electric Cars, Hybrids And Conversions
As part of The American Recovery and Reinvestment Act there were quite a few incentives included for the purchase and retrofitting of electric and hybrid vehicles. If you’ve been thinking about buying a hybrid, electric vehicle, or even retrofitting an older car, the time may be right since tax credits are now available for you. […]
2010 Federal Income Tax Brackets: Official IRS Marginal Tax Rates
Two things are sure in life, death and taxes. Tax season is coming up again, and if you’re not dead – you’ll be paying taxes! The 2010 tax rates have been released by the IRS, so if you’re concerned about what marginal tax rate you’ll fall into in the coming year, you can now check […]
