Tax news and guidance for individual taxpayers — filing tips, deductions, refunds, and everything else that hits your personal return.
There’s some good news for a Pennsylvania woman this week: she can keep her home. A decision from the Pennsylvania Supreme Court has put an end to litigation involving the sale of her home due to an alleged underpayment. The woman, Eileen Battisti, allegedly failed to pay $6.30 (downloads as a pdf) in interest on a late payment of property taxes…
Philadelphia is rolling out the red carpet in September 2015 in preparation for the Pope’s visit. It’s not only Pope Francis’ first time in Philadelphia but his first official visit to the U.S. While the Pope will also be making stops in Washington, D.C. and New York City, the focus of his visit is the…
TurboTax will no longer let you back up your data to the cloud. Those were the rumors flying last week. It seemed like a bold move for a technology-based company – especially at a time when more companies seem to be moving towards the cloud: just last month, Dropbox reported that it has more than…
This morning, people in coffee houses and churches across the land will no doubt be talking about the Supreme Court’s 5-4 ruling in Obergefell v. Hodges, making same sex marriages legal in all states. Background Procedurally, the case got its start when a same sex couple from Ohio filed a lawsuit in United States District…
Tax Day was just over a month ago which, of course, means that my inbox is now filled with the inevitable panicked emails from taxpayers worried about mistakes. Missed forms 1099. Overlooked deductions. Social Security numbers that aren’t quite right. Here’s what you need to know: mistakes are totally fixable. There are two ways to…
With tax season firmly behind us (er, for those of you who didn’t file for extension), now is a good time to take a look at your current financial picture and check to see how it squares against the 2015 tax rates, adjustments and other tax items. If you aren’t expecting any significant changes, you…
Everyone thinks that their mom is practically invincible but my mom really is. She has survived cancer, a few strokes, and heart surgery. She buried both of her parents in the span of a year and has outlived all but two (of seven) of her brothers and sisters. She raised my brothers and me and…
There is some good news to be found in the real estate market these days. While home prices aren’t generally on the rise, neither are real estate taxes. In 2013, the median U.S. real estate tax bill was $2,132. That’s according to a Zillow analysis that used the most recent data available. That number is…
Happy Tax Day! You’ve probably read a ton of lists by now advising you about last minute filing tips and how to reduce your tax bill. That’s all good stuff. But as you finish up the last minute scramble to get your taxes filed, here’s a quick list of what not to do: 1. Fib…
Ready to file your federal tax return? If you’re ready to file and make payment, check out these prompt payment options. But what if you can’t pay what you owe? File anyway. Penalties apply for failure to file and failure to pay. To reduce the hit to your wallet from penalties, be sure to file…