What is income, anyway? A reader sent me an email after my last post and asked me to clarify what I meant when I referred
Read MoreTag: Adjusted Gross Income
11 Tax Myths Debunked
And just like that, summer is nearly over and it’s back to work. This week, I’ve been sorting through the “Ask the Taxgirl” mailbag and
Read MoreRomney’s ‘Number’ Is 13.9: What’s Yours?
What’s your number? You know, your tax rate for federal income tax purposes? I know, you’re thinking 20%, 30%, maybe even 35%. Far higher than
Read MoreAsk The Taxgirl: Medical Expenses & Income Adjustments
Taxpayer asks: I’m confused by part of the notice I got from the IRS about my 2010 taxes. The first part was clear – I
Read MorePresident Obama & Vice President Biden Release 2011 Tax Returns
President Obama and the First Lady managed to do something that many taxpayers haven’t yet done: they have filed their federal income tax returns for
Read MoreYou Can’t Get A Tax Refund For Buying Groceries & Other Helpful Advice
I’ll be the first to admit that the Tax Code is filled with crazy acronyms – like FBAR, EITC, and AGI – and convoluted titles
Read MoreTaxes From A To Z: T Is For Tuition & Fees Deduction
T is for Tuition and Fees Deduction. College can be expensive. Crazy expensive. I say this as a former student now repaying tons of student
Read MoreTaxes From A To Z: P Is For Penalty On Estimated Tax
P is for Penalty on Estimated Tax. If you receive payments or other funds without having any federal income taxes withheld, you should consider making
Read MoreTaxes From A To Z: J Is For Job Search Expenses
J is for Job Search Expenses. Despite recent news that seems to hint that the job market might be recovering, many Americans are still out
Read MoreThe Cost Of Getting Better: Deducting Medical Expenses
I’m back in North Carolina for the second time in two weeks, this time with Nurse Kate (my daughter) in tow. My mom had heart
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