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.
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.
The first choice taxpayers are faced with is selecting a filing status.
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.