Be Charitable, Save Money on Your Taxes

First comes Christmas, then New Year’s, and before you know it, April 15th. Even though there are less than 9 days before 2010, there are a few philanthropic and tax-saving gifts you can make before then to lower your tax bill (and perhaps increase your return!). More important than taking the charitable deductions is doing [...]

Taxes: Is It Really That Time Again?

No, not quite.  But to ensure a happier ending, Black Enterprise provides some tips on what you can do now to prepare for your annual dance with the tax man: Homebuyers, gather your records. If you purchased your first home in 2009 or purchased a home after more than three years, you’re likely eligible for [...]

State Sales Tax Holidays in August

Make sure to take advantage of state sales tax holidays in your area. Great for back to school shopping and stocking up on the essentials. Of course, restrictions apply. There are limits on the types of items you can purchase and the maximum amount of items as well. Alabama: August 7-9 Connecticut: August 16-22 Iowa: [...]

What’s Deductible? Summertime Child Care Expenses

The Internal Revenue Service (IRS) recently provided guidance to taxpayers on the use of the Child and Dependent Care Creditand deductibility of child care expenses during summer.  The Good News: The cost of day camp can count as an expense towards the child and dependent care credit. If your childcare provider is a sitter at [...]

Crunch Time on Taxes

The Internets have been running tax articles in contant rotation, all designed for procrastinators like us to get it in gear by April 15th because average Americans like you and me WILL get in deep trouble for not filing. Unlike the folks running the government in Washington, DC, we have no Obama card to play with the IRS.

Still in Search of Tax Breaks?

April 15th is less than a month away. And while the U.S. Department of Treasury can barely keep track of AIG bonuses, they are surely experts in keeping tabs on average Americans like us. If that wasn’t enough, the tax code trips up even the most tax savvy among us and is in a constant state of change. So if you are still looking for tax breaks, Pink Magazine has you in mind.

Unemployed?: Tips for Tax Time

Doing your taxes is difficult enough. But if you’re dealing with a layoff, it can be even more difficult to navigate what is required for tax filing purposes. CNNMoney.com offers answers for filing as the April 15 deadline approaches.

E-Filing Free For All

Color of Money columnist Michelle Singletary breaks the news that the Internal Revenue Service is allowing all taxpayers to file electronic returns without having to purchase special software or going through a pricey tax preparer: Since 2003, people with low to moderate incomes could file their tax returns electronically at no charge by going through the Free File program. The program is run through a partnership between the IRS and the Free File Alliance, a group of private-sector tax-preparation companies.

Most Overlooked Tax Deductions

Kevin McCormally, Editorial Director or Kiplinger.com writes: Every year, the IRS dutifully reports the most common blunders taxpayers make on their returns. And every year, at or near the top of the list, is forgetting to enter a Social Security number or making a mistake when entering the nine digits that identify us to IRS [...]

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