Tax news and guidance for individual taxpayers — filing tips, deductions, refunds, and everything else that hits your personal return.
Whew. Tax Day has come and gone. Maybe you’re waiting on a refund – not the rebate (that’s something different) – but a refund. If at least 28 days has passed since you filed, you can check with the IRS to find out the status of your refund. You can: Call the IRS Refund Hotline…
Recession? What recession? President Bush has announced that the delivery of the rebate checks will happen sooner than initially planned. The checks will be distributed beginning Monday, four days earlier than expected. Paper checks will be mailed May 9, one week earlier than expected. Here’s the breakdown. For direct deposit: (Image no longer available) For…
If you’re like me, every year at about this time, you make a vow that the next tax year will be different. If you’re like me, you’re also six feet six inches tall, an incorrigible wise-ass and think you’re way cooler than you actually are. For the purposes of this discussion, though, we should probably…
Sigh. It’s the day after tax season. Folks are tired and cranky (trust me, I get the emails). Nobody likes to pay taxes. And every year, you swear to do better, plan more, save more. Why not actually do it this year? There are a couple of things that you can do throughout the year…
I am officially extended. No, my hair is the same (are you kidding me? I saw Britney’s extensions at the MTV Awards and have chosen to stay far, far away from fake hair). But I have filed extensions and paid a little cash (just a little) to the feds and to PA. This was my…
Here’s the form for individuals: form 4868 as pdf
We already knew that Chicago holds the distinction for the highest sales tax rate in the country… and apparently, it’s affected the population. Chicago also holds the top spot for tax filer procrastination. Who’s number 2? You’ll have to check out the list (psst – it’s not Philadelphia!).
Taxpayer asks: I am a permanent resident overseas. I file my USA tax return every year, but never have to pay tax as I pay enough here in this country. Will I still get the rebate and how can they direct credit if they have never been given my bank account details? I have a…
Taxpayer asks: After 17 years and one 12yr old daughter, I was divorced in October 2007. The decree stated we would file jointly for 2007. However, the idiot was not co-operative and I had no W2’s . (He hasn’t paid child support either) My accountant said I could file for 1/2 of his income. I’m…
Thirty-five percent of taxpayers who expect to receive a tax rebate this year plan to use the money to pay utility, credit card, housing or other bills. This is according to an AP/AOL Money & Finance poll. Those numbers are up a few points from the twenty-seven percent who made the same statements a year…