Tax news and guidance for individual taxpayers — filing tips, deductions, refunds, and everything else that hits your personal return.
In an era of shrinking tax revenues, most states are rushing to raise funds by increasing rates and simply taxing more stuff. Rhode Island, however, has a different idea. The tiny New England state may be geographically the smallest in the country but it has big plans to make the state more attractive to business….
On Saturday, June 5, approximately 200 IRS Taxpayer Assistance Centers will host an open house to provide help to individual taxpayers dealing with notices and payments, return preparation and a variety of other tax issues. Each office will be open from 9:00 a.m. until 2:00 p.m. local time. Click here for a list of participating…
Taxpayer asks: I’m a graphic designer and I do printing on the side. Last year, when business was slow, I was in a jam and needed some work done on my roof that I couldn’t afford. I have a friend who just started a roofing company so I agreed to swap out the labor for…
The health care reform bill, also known as the Patient Protection and Affordable Care Act, which was signed into law in March 2010 is massive (you can catch some of the highlights here). It’s divided into ten titles and is roughly 2,400 pages long (that’s longer than a standard King James Version of the Bible)….
Taxpayer asks: Hi,I am getting married july 2010 for personal reasons. However, my husband and I are both going to still be in college until May 2011 and will be living separately with our parents as dependents. Would I need to change anything regarding my taxes? Could I still have my parents claim me and…
Taxpayer asks: Hi, I am getting married july 2010 for personal reasons. However, my husband and I are both going to still be in college until May 2011 and will be living separately with our parents as dependents. Would I need to change anything regarding my taxes? Could I still have my parents claim me…
Some find Pennsylvania’s tax amnesty ads too scary – featuring interviews with the fabulous Joe Kristan and well, me.
Taxpayer asks: I’m an independent contractor using 1099s. I have one w-4 for a small amount from 2009. I missed the tax deadline and did not file an extension. What kind of advice can I get? I live in CA but need some general direction. Taxgirl says: File. That’s my advice in a nutshell. One…
Taxpayer asks: If i understand this the right way if i bought my home between April 9 of 2008 and July 1 2009, you have to repay the amount back over 15 yrs. I bought my home and closed on it July 31, 2009. I got the credit on my taxes for 2009. If i…
For months now, both sides have been firing shots in the health care reform debate. Despite the fact that we now have a signed bill, many of the details are yet to be worked out and that causes concern that the bill will either be overworked or under reaching; my best guess is that it’s…