Tax news and guidance for individual taxpayers — filing tips, deductions, refunds, and everything else that hits your personal return.
Update: We have a winner! It’s Karen! For the answer, see the comments! Our next tax trivia question for the giveaway is: The US income tax system was made permanent in 1913. How much taxable income would taxpayers filing a joint return have to report in today’s dollars to be subject to tax at the…
Update: We have a winner! It’s Adrienne! Jaime was also a winner for getting the bonus question right. For the answer, see the comments! Our next tax trivia question for the giveaway is: Since its inception in 1975, the EITC has been controversial – no wonder, since it’s considered one of the largest social welfare…
Taxpayer asks: Hello Taxgirl! I have a question! I was married last year, and this is the first time I will be filing a joint tax return. My husband and I rent our house, and we paid about $6,000 out of pocket last year for medical expenses (this includes $2000 my husband paid for the…
Here’s some food for thought, courtesy of Jen Miller on Interest.com: How Should You Do Your Taxes This Year? Jen asked me a few questions for the piece – it was a fun interview! The timing is great since tax season is upon us. If you’re looking for a tax pro, you might also be…
Taxpayer asks: First, what is the next step after a Lien has been placed on someone and second is there somewhere that you can see if someone is being indicted? Thank you in advance.. Taxgirl says: Your question is really two separate questions, so I’ll answer them separately. With respect to a tax lien, I’m…
Taxpayer asks: 3 years ago I worked for a company and was W2’d, I quit after 3 months. And just yesterday the IRS sent me a notice tht I owed them $4200. I have never owed $ to anyone or have been late on anything in my life so I was shocked, I called them…
Taxpayer asks: How does someone turn someone else in to the IRS for tax evasion? Taxgirl says: There must be something in the water. I’ve received a couple of these types of inquiries lately, so I’m planning to answer a few of them over the next few days. You’re up first. Reporting tax fraud is…
Psst… Looking for a year-end donation? As you may know, I am running the Komen Race for the Cure in 2010 in honor of my grandmother – you can read about our mutual love of coffee here. Our team is Team Joye. You can support us in a few ways: One, you can make a…
The debate about health care reform is starting… again. Here’s why. The Senate passed a bill and the House passed a bill. They have some significant differences to work out. Two of the biggest issues? Paying for the thing and abortion. Neither of those discussions will prove to be an easy task. But for all…
Taxpayer asks: Hi Tax Girl! My husband bought a new car this year while all the tax credit for new car purchase commercials were going on. The catch? It’s a 2009 car, but was previously owned. Does it count as a New Car for the purposes of the new car tax credit? Thanks so much…