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Taxes

Your Tax Dollars at Work: $42 Million Just to Mail Out Tax Rebate Reminder Letters

It doesn’t matter where you fall on the political spectrum, but you probably understand that government spending can be incredibly wasteful. There isn’t a better example than this mailing about to go out from the IRS just to inform people that they might be getting a rebate check later this year. That’s right, the IRS […]

Dealing With the Alternative Minimum Tax (AMT)

When it comes to taxes, there is a three-letter abbreviation that is even more vile than IRS, and that is AMT. AMT stands for the Alternative Minimum Tax, and while it doesn’t sound too harmful, you really don’t want to pay it.
The AMT was enacted by Congress in 1969 as a way to ensure that […]

Do You Itemize Tax Deductions? You Might be Able to Deduct Some of Your Vehicle Registration Fees

Do you get irritated at how much it can cost to register your vehicle(s) each year? The good news is that you may be able to get some of that money back in the form of a tax deduction. That’s right, if you itemize your deductions on Schedule A, and your registration fee is based […]

A Few Good Reasons Why You Should Pay Your Taxes

Last week I wrote about what bills you should pay first, and taxes were near the top of the list. Uncle Sam wants his money, and as much as we hate giving it to him, it is important to not only pay your taxes, but to pay the right amount. The latest edition of On […]