All Entries in the "Taxes" Category
How to Spend Your Tax Refund
Tweet Whenever tax seasons rolls around there are a lot of people who are chomping at the bit to get their hands on their tax refund. And for good reason. The average tax refund in recent years has been hovering around $3,000, and that’s just for federal taxes. Obviously, a $3,000 windfall could mean a [...]
What to Do If You Can’t Pay Your Taxes on Time
Tweet As the tax deadline looms, it is an appropriate time to explore what can happen to a taxpayer who is unable to make their tax payment to the IRS. While this is not a situation you typically plan on being in, it happens to the best of us. At least you have a few [...]
How to Check Your Tax Refund Status and When It Will Be Deposited
Tweet Once you’re filed your taxes, either electronically via eFile, sent off by your accountant, or mailed in the old fashioned way, you’re probably wondering when you can get your hands on that tax refund check. You can check your tax refund status 24 hours a day, 7 days a week, using the Where is My Refund tool on [...]
How to File a Federal Income Tax Extension
Tweet What happens when the April tax deadline is rapidly approaching but you still haven’t been able to get your tax return ready to file? Well, there’s some good news. You can actually file for an extension. Under the right circumstances, a tax extension is a useful tool that can be used to help your [...]
The Tax Filing Deadline is April 15th, 2013 but When Should You Mail Your Return or Have it Postmarked?
Tweet The tax deadline 2012 is quickly approaching and I’m sure many of you who were scheduled to receive a tax refund have already filed and even cashed your refund check. But for those of you that owe money this year, the looming deadline isn’t going away. So if the tax filing deadline for 2012 [...]
2011 Sales Tax Holiday Schedule
Tweet Sales tax is just one of those expenses we typically ignore. Every time we make a purchase the tax is just automatically added to the bill and since there’s nothing we can do about it’s easy to just forget about it or automatically factor it in. Plus, since often times we make just small [...]
How to Pay Estimated Quarterly Taxes
Tweet For the self-employed or anyone who doesn’t have taxes automatically withheld from their paychecks it usually means paying estimated quarterly taxes. When you have taxes withheld the IRS is happy because they get part of your taxes due in regular installments. When you don’t have taxes withheld they still want their money and don’t [...]
How Not to Spend Your Tax Refund
Tweet If you’re like most Americans, you will be receiving a tax refund this year. If your refund is anywhere near the average it means you’ll be getting a few thousand dollars. No, really. The average tax return for the 2010 tax year is a little higher than usual and is $3,129 so far this [...]
Last Minute IRA Tax Deduction
Tweet With just under two weeks before the tax filing deadline you probably think your 2010 tax picture is set in stone. For some of you that may be the case, but for many more there may still be some money on the table ready for the taking. It’s all about the IRA contributions. One [...]
Did You Move in 2010? How to Claim the Moving Expense Tax Deduction
Tweet You May be Able to Deduct Your Moving Costs Did you move during 2010 to relocate for work? If so, you may very well qualify for a nice tax deduction on your moving expenses. But don’t get too excited just yet, because there are a few restrictions. Even so, if you’re eligible for the [...]
Signs You May be a Victim of Tax-Related Fraud
Tweet Let’s face it. No one likes finding out that they owe money to the IRS come April. But for some Americans, tax payments will be the least of their worries this year when they learn that someone else has already filed taxes in their name. This type of tax fraud is a common result [...]
The Mortgage Tax Deduction Myth
Tweet Ask anyone what one of the major befits of buying a home is and you’re sure to hear many tout the benefits of the mortgage interest deduction. From your friends and neighbors to the financial gurus on TV, everyone urges you to buy a home for this sweet tax break. They can’t be wrong, [...]
TurboTax Online Giveaway
Tweet It’s tax time once again, and that means many of you are in the process of filing your tax returns. The IRS just started processing returns that were initially delayed due to the new tax laws, but now that everybody is eligible to file things are kicking into high gear. But before you rush [...]
How Does Getting Married Affect My Taxes?
Tweet Filing jointly vs. Separately Can Impact Tax Deductions and Credits You Receive I recently had a chance to speak with Leigh Mutert, a CPA and community manager for H&R Block, and I was hoping to get some expert tax advice to share for this coming tax season. One of the biggest changes most people [...]
Estimate Your Tax Refund With TurboTax TaxCaster Calculator
Tweet A Tax Refund Estimate Calculator Are you wondering if you’re going to get a tax refund or maybe owe Uncle Sam this year? Well, instead of waiting until you completely go through your tax return you can plug in some numbers and get a rough estimate today. This can be especially helpful if you [...]
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