11/04/15 - 11:17 AM EST
Rather than eliminating the loopholes in the tax code that allow high income individuals to avoid paying taxes, Congress created a complicated alternative tax system that became the AMT.
04/15/15 - 06:15 AM EDT
Today is the deadline for filing your 2014 federal and state income tax returns. The envelopes must be postmarked by midnight tonight! But don't despair if you're behind.
04/14/15 - 03:45 PM EDT
The first choice taxpayers are faced with is selecting a filing status.
04/14/15 - 07:00 AM EDT
April 15 is not just the deadline for filing your tax return, and paying your taxes – it is also the deadline for making a traditional or Roth IRA contribution.
03/20/15 - 01:51 PM EDT
Did you move because of a new job or a new job location in 2014? You may be entitled to an “above-the-line” deduction for your moving expenses.
03/02/15 - 08:35 AM EST
It will help you in the long-run.
02/24/15 - 08:25 AM EST
These “extenders” had originally expired on December 31, 2013. As has become the custom, Congress waited until the very last minute to extend these tax benefits retroactively.
02/23/15 - 09:04 AM EST
A major change to the 2014 Form 1040 resulting from the Affordable Care Act (ACA) – aka Obamacare – is the new refundable Premium Tax Credit.
02/13/15 - 07:00 AM EST
The biggest change to 2014 tax returns comes from the Affordable Care Act (ACA) – aka Obamacare.
02/12/15 - 07:00 AM EST
The IRS says you “have to” file a Form 1040 or Form 1040A if your gross income exceeds the total of your standard deduction and personal exemption.