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Categories
- Amendments
- Bankruptcy
- Business Taxes
- Capital Gains
- Careers
- Debts
- Deductions
- Definitions
- End of Year Taxes
- Federal Taxes
- Filing your Taxes
- Forms
- Income Tax
- Insurance
- IRA
- IRS
- Lower your Taxes
- Mortgage
- Penalties
- Retirement
- Social Security
- State
- Tax Avoidance
- Tax Basics
- Tax Planning
- Tax Return
- Tax Software
- Withdrawal
Taxes
Featured in Taxes
Deductions
These College Expenses Are Tax Deductible
College is expensive enough as it is, so it's truly a relief that the IRS offers tax deductible expenses and credits related to this. These tax breaks can greatly help both students and parents when it comes to paying out of pocket for education. Receiving tax breaks at the end...(more)
Dependent Deductions You Can Apply on Your Tax Return
You are in charge of someone else or a few other people. You are the one responsible for feeding, housing and providing medical care for this individual or individuals. Shouldn't you get a tax break for doing all of this? Of course you should, and you do. Here are some...(more)
Retirement Plans and Your Contribution Limits
Saving for retirement is one of the most important ways to secure your financial future. The federal government recognizes the importance of retirement savings and urges you to take part by offering generous tax breaks for a variety of retirement plans. However, the IRS limits what you can contribute. ...(more)
What Qualifies as a Tax-exempt Donation?
Donations made to many charities and nonprofit groups are tax-deductible. Also known as tax-exempt donations, you can use these funds as a tax write-off. It is important to know the rules regarding tax-deductible donations, as not every charity is eligible for this privilege. Thoroughly understanding the rules associated with such...(more)Filing your Taxes
Married or Separate - How Should You FIle?
If you are married, you have the choice to file a joint return with your spouse or file the return with just you. However, there are some issues to consider before you make the decision....(more)Death and Taxes: You Can't Escape One With the Other
When a taxpayer dies, their tax responsibility continues. Their family can find themselves preparing 3 different tax returns....(more)Taxable Income Myths
Before a taxpayer can calculate their income tax for the year, they have to report all the taxable income they received. ...(more)Business Taxes
Accounting for the Small Business Owner
As a small business owner, accounting software packages are imperative to ensure the proper handling of finances and taxes within the business. Finding the right software to meet the needs of your business can be tricky because there are so many to choose from. Narrow down the specific needs of...(more)A Big Chunk: The Payroll Tax
Payroll taxes are the responsibility of every employer. The payroll taxes and other deductions such as health insurance premiums are calculated with the gross pay in order to determine the net pay. Everyone who holds a job pays these taxes in one way or another. Some taxes are calculated based...(more)Adding it all Up: Payroll Tax Adjustments
If you own a business, then as the employer you are probably aware that business payroll taxes can be confusing. Knowing the basic formula and applying it to your employee's gross pay is fairly straightforward, but needs to be done carefully and without mistake. Employees should know what taxes are...(more)
Trish McIntire is an Enrolled Agent with 25 years experience in preparing income tax returns and educating clients about taxes. She began as a seasonal employee for a national tax preparation chain ...Read More
