Tax news and guidance for individual taxpayers — filing tips, deductions, refunds, and everything else that hits your personal return.
You knew, of course, that the issue of economic stimulus packages would all come down to politics. Despite the fact that many economists feel that the tax rebates won’t significantly improve the economy (and the market agrees), Congress and the President are still pushing the plan forward. It’s not yet a done deal, however, because…
Internal Revenue Service and Telemundo have partnered to air a special one-hour tax program for Spanish-speaking taxpayers on Sunday, Jan. 27. The program, “Los Impuestos y Usted” (“Taxes and You”), will air at: 3:30 p.m. Eastern and Pacific Time. 2:30 p.m. Central Time. 1:30 p.m. Mountain Time. “Los Impuestos y Usted” will focus on a…
As expected, Bush proposed “tax rebates” to stimulate the economy. The idea is that if you get money to folks in the lower to middle classes, they will spend it, boosting the economy back up. In most cases, this is not expected to be an extra tax credit – rather an “advance” against your 2008…
Despite fears from tax professionals of a resurgence of the “tax rebate” fiasco that was 2002, the White House and Congress are reportedly considering an “emergency” rebate package for the current tax year. President Bush has told congressional leaders that he favors immediate income tax rebates for taxpayers. Bush is reportedly asking for tax rebates…
Taxpayer asks: Hi Taxgirl, I’m helping a non-profit run its VITA program this year. I just found out today that due to late passage of the AMT patch, taxpayers trying to claim ed credits won’t be able to file until the Service fixes its computers. The target date for that is Feb. 11. Do you…
Taxpayer asks: Hi Taxgirl, Hi, I’m a blogger and had a question about advertising income and taxes. I read your guest post on ProBlogger about deductible items for bloggers and am finding it VERY useful! My question is this — I belong to a few advertising network who charge advertisers to run ads on my…
Apparently, you can tell a lot about a taxpayer from their… astrological sign. So says the folks at Money Management International, whose findings were reported on Astrostar. Here are your likely tax behaviors based on your astrological sign: Aries (March 21-April 20) Those born under this Fire sign expect the smallest refunds ($1,400). They plan…
The IRS is considering saying no to “rapid refund” type loans to taxpayers. The loans, made by tax preparers like H&R Block, have been the subject of a number of lawsuits – and the IRS believes that they made also lead to increased instances of fraud. There is a “financial incentive to take improper tax…
Taxpayer asks: I loved your presentation at BlogHer. Your session addressed more of my blogging concerns than any other I attended. My friend and I have been discussing taxes and blog product reviews lately, and I have a few interrelated questions. I would really appreciate whatever help advice or resources you can offer. I have…
The Internal Revenue Service reported yesterday that as many as 13.5 million taxpayers will have to wait to file tax returns until computers can be reprogrammed to comply with the new law. It estimated that taxpayers cannot file forms related to the AMT until February 11, nearly a month after the usual start of the…