Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains tax news, IRS updates, scams, financial crime, and money in plain English.
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Tax Help For Gamblers? You Bet!
Basketball fans everywhere were on the edge of their seats this weekend as Notre Dame nearly ended Kentucky’s perfect season in a nail biter. After the game, brackets everywhere remained mostly intact and folks who had picked Kentucky to win it all in the office pool breathed a sigh of relief. I’m fifth in my…
Back To School 2014: Paying For School With Your IRA
An Individual Retirement Account (IRA) is a popular way to save for retirement – and get a federal income tax advantage. Generally, you can take a deduction when you make a contribution to a traditional IRA (assuming you meet the criteria) and the account grows, tax-deferred while you work. You’re not taxed on the income…
2016 Tax Day Food & Drink Freebies, Promotions, Deals And Specials
Celebrate Tax Day with these great food and drink tax day freebies!
Hate To File Taxes? Tell Me About It.
It’s the Third Annual “Tax Filing Horror Contest” at taxgirl.com! Have a horrible tax filing story? Car break down blocks from the post office? Ran out of paper in the printer? Dog ate your return? Tell me your worst tax filing story – or simply complain about the thing you hate most about filing taxes…
Tax Trivia Giveaway #3: High Income Taxpayers
Our next tax trivia question is: In 2000, Vice President Cheney and his wife owed federal taxes of $14,295,058 on adjusted gross income of $36,086,635. After taking into account withholding and other payments, how big a check did the Cheneys have to write when they mailed in their taxes? (I’ll take answers within $100,000) For…
Tax Trivia: Nicolas Cage
We have a winner! It’s Abe! For the answer, see the comments! Our next tax trivia question for the giveaway is: Actor Nicolas Cage has been under siege from the IRS for a number of years. He successfully challenged the IRS in Tax Court two years ago, resulting in a reduced tax bill. Among other…
