It sounds crazy, but you could potentially get a chunk off your tax bill just for having contributed to your retirement plan in 2010.
Although most people are unaware of the so-called Savers Credit, according to a recent Transamerica survey, it offers a tax...
Big tax changes are coming in 2011 as many rules are set to expire. A few to be aware of:
Prepare for tax hikes. Based on current laws, many tax rates will go up in 2011 (although that could change, depending on what the new ...
Nickels, dimes, quarters
If you're self-employed, the not-quite quarterly tax payment deadlines can be a pain (Jan. 15, April 15, June 15, Sept. 15, what?).
You need a surefire system to keep your tax savings on track—so you don't end up owi...
Fear of April 15th
If 2009 was rough, and you're afraid that you may owe the IRS money—money you don't have—the answer is not to play hooky on tax day. Between stimulus package tax credits and a possible refund, you may be in better shape t...
It has been a strange week for money, with the IRS recalling erroneous forms, California retailers organizing a debit card protest—and more. Keep reading for the best DW news you can use.
Wrong Forms Confuse Tax Payers
A printing error on 1040 forms...
More Cash for Clunkers
If you need a new water heater, air conditioner, furnace, fridge or washer-dryer, now could be the time to buy it.
Under the new State Energy Efficient Appliance Rebate Program, many new appliances qualify for government rebates, ...
Meet TRAD
What is TRAD? TRAD is the Tax Refund Allocation Dilemma, and it's a hazard this time of year. Here's one reader's puzzle:
Q: I'm getting about $1,200 back for my tax refund. There are three things that I would like to do. What i...
Wouldn't it be wonderful if you could get a tax break for living a greener life?
As yet, there's no tax credit for composting, buying organic chicken or using CFL lightbulbs. (Darn, those things are expensive!). But some eco-friendly upgrades can y...
Note: This post applies to Canadians, in part.
Millions of Americans use their tax refunds as a form of forced savings. You know who you are.
Money experts quibble with this strategy, arguing that when the government withholds extra money from your pa...
(To our loyal readers in Canada and abroad, we're striving to one day make emails like this relevant to you.)
OK, beautiful people. You've got 76 days until April 15th. Are you ready?
Probably not. We're not. So we coaxed Erin Doland, reno...
Accountants keep running lists of ways to audit-proof tax returns, and you should, too. For starters, avoid using any round numbers on your return. For example, if you report that you earned $45,000, instead of $47,890.26, it sends a red flag to the government tha...
