It’s beginning to look at lot like Christmas! If you’re in the mood for some holiday shopping, here’s how much purchasing all the gifts in the classic carol “The 12 Days of Christmas” will cost you according to the 34th PNC Christmas Price Index.
Every state that imposes a state sales tax also imposes a state use tax. But chances are that online shoppers taking advantage of Cyber Monday sales from retailers who don’t collect a tax won’t be reporting and paying on their own.
Save those holiday receipts because you might be able to deduct them on your federal income tax return – but it might be for the last time. The tax reform bill currently in Congress would eliminate the sales tax deduction, along with the state and local income tax deduction.
The 12 Days Of Charitable Giving are coming! Know a deserving charity? Nominate your favorites to be featured on the site.
The end of the year will be here before you know it – and that means year-end tax forms, like forms W-2 and 1099, will soon be on their way.
Days after the Senate announced the details of their version of the Tax Cuts and Jobs Act, the real work began: marking it up. The “Chairman’s Mark” describes proposed changes to the plan – which include making tax cuts for individuals temporary and adding a new tax form.
As Senate leaders search for ways to make the numbers work, Republicans believe they might have a solution. Although there was no mention of Obamacare repeal in either of the House or Senate original plans, Republicans plan to include language to repeal the Affordable Care Act’s individual mandate.
Senate Republican leaders have now released their version of tax reform. Here’s how it compares to the House Tax Cuts and Jobs Act.
On September 8, 2014, Adam Steele filed a class action suit against the federal government seeking to recover allegedly unlawful license fees paid to the Internal Revenue Service (IRS). Steele’s first person take on the PTIN and the case follows.
Today, I’m opening up the Ask The Taxgirl mailbag to answer some of the questions you asked about the tax reform bill. Here’s a first look at what you want to know so far: