Tax news and guidance for individual taxpayers — filing tips, deductions, refunds, and everything else that hits your personal return.
The Internal Revenue Service (IRS) has been advising taxpayers to consider a tax withholding check-up to make sure there are no surprises come tax time. Significant changes, especially those to itemized deductions, could affect your tax bill. While tax planning is best done at the beginning of the year, if you haven’t made any adjustments, don’t despair:…
A tax deduction for charitable giving isn’t guaranteed just because you’re feeling generous. As with everything in tax law, it’s important to follow the rules, and with tax reform, those rules are changing. Here are 14 tips for making your charitable donation count: 1. Itemize. To claim a charitable deduction on your tax return, you must…
It’s Ask The Taxgirl! Today’s question focuses on filing status, and what could happen if you file as single when you’re really married.
It’s Ask The Taxgirl! Today, we tackle claiming the standard deduction versus itemizing your deductions.
The Internal Revenue Service (IRS) has issued a reminder to taxpayers with an expiring Individual Taxpayer Identification Number (ITIN) to submit their renewal applications. Failing to renew an ITIN by the end of the year will cause refund and processing delays in 2019. An Individual Taxpayer Identification Number (ITIN) is assigned to a taxpayer who is not…
Have a stash of candy after trick-or-treat? Here are 13 uses for leftover Halloween candy – complete with the tax consequences.
Tax reform means some pretty significant changes for taxpayers in 2018. Want to know what’s new? Here’s what you need to know – with charts!
The Internal Revenue Service (IRS) has announced tax relief for victims of Hurricane Michael.
Here are the answers to some of the most popular questions about tax return extensions.
The Internal Revenue Service (IRS) has offered guidance for taxpayers who moved in 2017, but expenses weren’t reimbursed or paid until 2018.