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When tax time comes around, do you dig frantically through piles of papers looking for the documentation you need to prepare your tax returns? Are you unsure about which records you should keep and which ones you can safely throw away?
Why not make your life easier and...
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More than 1.7 million US taxpayers have over 2 billion dollars in unclaimed income tax refunds for 2001. If you think you couldn't possibly be one of them, think again.
Every year, millions of US taxpayers walk away from their income tax refunds, often because they didn't...
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If someone offered to take part of your paycheck each pay period and hold it for you until the end of the year, then charge you a fee of up to 2000% (yes, two thousand percent) to get it back, you'd probably laugh them out of town. Yet if you've ever taken a pay day loan or...
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Claim too many withholding exemptions on the Form W-4 you file with your employer and you'll end up paying Uncle Sam when you file your taxes. I don't know about you, but I hate it when that happens!
Claim too few withholding exemptions and you'll end up lending Uncle Sam...
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Five Great Tips for Coming Out Ahead
The latest tax law included a new 10% tax bracket, which means that, depending on your filing status, the first $6,000 to $12,000 of your income will be taxed at 10% instead of 15%.
If you're expecting an income tax refund this...
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Itemize Deductions
Part of sound financial planning is ensuring that you don't pay more taxes than necessary, which means you need to have at least a basic understanding of itemized deductions, even if an accountant prepares your taxes. It's especially important if you...
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