I’m Going Back To The Movies!

It’s ba-a-ack! Back by popular demand, this summer, Taxgirl is going back to the movies! That’s right, with Memorial Day blockbusters waiting in the wings, I’m reviving my “Taxgirl Goes To The Movies” feature. Here’s how it works: From time to time, beginning after Memorial Day, I’ll choose a movie to review. It may be … Read more

Top 10 Most Expensive Real Estate Tax Bills Found In Just 2 States

There is some good news to be found in the real estate market these days. While home prices aren’t generally on the rise, neither are real estate taxes. In 2013, the median U.S. real estate tax bill was $2,132. That’s according to a Zillow analysis that used the most recent data available. That number is … Read more

5 Things Taxpayers Are Irrationally Afraid Of – And Shouldn’t Be

Tax issues cause some folks to act in an irrational manner. True, the taxman shouldn’t be ignored. But feared? Nah. Here’s my list of the top five things that taxpayers are irrationally afraid of and shouldn’t be: Being aggressive when it comes to deductions. You’re entitled to take deductions. C’mon, say it with me now: … Read more

Last Minute Dash: When, Where & How To File Those Last Minute Tax Returns In 2015

If you’re planning on filing your federal income tax return in the next few days, you’re not alone: statistically, about a quarter of all returns are mailed in the last week of tax season. No matter how close to the wire you get, as long as your return is postmarked by April 15, the IRS … Read more

Free Tax Filing Options Still Available For All Taxpayers

There are just a few days left until Tax Day… Have you filed your taxes yet? If not, the Free File Alliance, a nonprofit coalition of industry-leading tax software companies partnered with the IRS, is reminding taxpayers that you can file your taxes for free at www.IRS.gov/FreeFile. Free File offers two options to taxpayers depending … Read more

Taxes From A To Z (2015): V Is For Veterans’ Benefits

It’s my annual “Taxes from A to Z” series! Next up: V is for Veterans’ Benefits Under the Tax Code, income is reportable and taxable unless otherwise excluded. Fortunately, when it comes to veterans’ benefits, those paid under any law, regulation, or administrative practice administered by the Department of Veterans Affairs (VA) are completely excludable. … Read more

As Tax Day Nears, Don’t Panic: File For Extension

With just over two weeks until Tax Day, many taxpayers are in a panic, egged on by headlines screaming about “last minute” filers and procrastinators. You can tell the folks who write headlines don’t generally work with actual taxpayers: if they did, they’d understand that there’s loads of time left before it’s “last minute.” For … Read more