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Taxgirl

Because paying taxes is painful… but reading about them shouldn’t be.

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Month: August 2017

J.J. Watt Raises Millions For Flood Relief, Making Charitable Crowdfunding History

Kelly Phillips ErbAugust 31, 2017

JJ Watt’s Houston Flood Relief Fund hit the $10 million this morning, cementing it as the fastest growing, largest crowdfunding charitable fundraiser in the ten-year history of crowdfunding. Here’s how it happened.

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IRS Issues Urgent Warning About Ransomware Email Scam

Kelly Phillips ErbAugust 29, 2017

The Internal Revenue Service (IRS) has issued an urgent warning about a new scheme targeting taxpayers. The scheme involves a bogus email which impersonates the IRS and the FBI as part of a ransomware scam to take computer data hostage.

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Claiming A Loss After A Disaster Like Hurricane Harvey

Kelly Phillips ErbAugust 29, 2017

Taxpayers who suffer economic loss due to a natural disaster like Hurricane Harvey may be able to claim a casualty loss deduction on a federal income tax return. Here’s what you need to know.

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IRS Announces Tax Relief For Taxpayers Affected By Hurricane Harvey

Kelly Phillips ErbAugust 28, 2017

The Internal Revenue Service (IRS) has announced significant tax relief for victims of Hurricane Harvey. Those in Texas who have been affected by the storm have until January 31, 2018, to file certain individual and business tax returns and make certain tax payments.

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Helping Out After Hurricane Harvey: Where, What & How To Donate (UPDATED)

Kelly Phillips ErbAugust 28, 2017

Looking to help out after Hurricane Harvey? Here are some tips to get started, including how and where to donate, as well as what you need to know to claim a tax deduction.

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Ask The Taxgirl: Deducting Fidget Spinners On Your Taxes

Kelly Phillips ErbAugust 24, 2017May 21, 2020

It’s the Ask The Taxgirl! Today’s question focuses on the deductibility of fidget spinners.

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IRS Warns Again On Email Scam After FBI Reports Billions In Related Losses

Kelly Phillips ErbAugust 23, 2017

The Internal Revenue Service (IRS), state tax agencies, and the tax industry have announced a recent increase in email scams targeting employee Forms W-2. A variation on the scam has cost businesses more than $3 billion over the past two years.

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Don't Forget About Taxes When Looking For The Perfect Rental

Kelly Phillips ErbAugust 21, 2017

Think you’re missing out on all of the deductions if you rent a home? Think again. Here are a few tax breaks that renters may benefit from pursuing.

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On Anniversary Of Klondike Fever, Here's What You Need To Know About Taxes On Gold

Kelly Phillips ErbAugust 16, 2017

On this day in history, prospectors found gold in the Klondike. Today you don’t have to go digging to buy gold as an investment. Here’s what you need to know about paying taxes on gold.

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Ask The Taxgirl: Marriage & Money While Living Abroad

Kelly Phillips ErbAugust 15, 2017May 21, 2020

It’s “Ask The Taxgirl.” Today’s question focuses on tax issues faced by US citizens living abroad, as well as the definition of marriage.

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