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Ask The Taxgirl: Renting & Homebuyer’s Credit
Taxpayer asks: I moved 3 years ago and am renting a house that I own. I’m not able to file single head of household because I don’t live in the only home I own. Would I qualify for the tax credit?Thanks Taxgirl says: As I understand your question, you are wondering if you would qualify…
Tax Cut Vote Pushed Back
Oh c’mon, like you didn’t see this coming a mile away… Congress has figured out that they’re pretty much damned if they do and damned if they don’t on this tax cut issue. So they’re going with the Scarlett O’Hara strategy. You know, thinking about it “tomorrow.” Here’s the scoop: over the weekend, the Democrats…
A Barry Bad Day
Former DC Mayor Marion Barry got some good news this week, at a time when he could use it. A federal judge declined Thursday to revoke Barry’s probation, which would have resulted in prison time for tax charges. Barry had already pleaded guilty in 2005 to failing to file required tax returns from 1999 to…
Congress Moves On Tax Vote
It’s almost like Congress is dragging this thing out just to make me have to type the phrase American Jobs and Closing Tax Loopholes Act of 2010. There’s not even a good acronym for it since there are too many consonants and not enough vowels: AJCTLA, which kind of sounds like something Gwen Stefani would…
Former GM Exec Bob Lutz Suggests Higher Gas Taxes Would Help Americans
Americans are addicted to gasoline, according to retired General Motors Vice Chairman Robert A. Lutz, and there’s only one cure: higher gas taxes. Lutz, who held positions at GM, BMW, Ford, and Chrysler before returning to GM in 2001 spoke to a crowd earlier this month at the SAE (Society of Automobile Engineers) 2013 World…
Married Is Married For Tax Purposes
On Sunday, thirty three couples said “I do” on the stage of the Los Angeles Staples Center during the 56th Annual Grammy Awards. The couples, a mix of gay and straight couples, were married by officiant Queen Latifah in front of more than 28 million people. No matter how much of a spectacle the wedding might have been, the result is still the same.