The IRS will open the 2015 tax filing season on Jan. 20, or 11 days sooner than it began accepting returns one year ago. The start date applies to both paper and electronic returns and was set after Congress renewed several […]
With the holiday season coming to a close and consumers coming to terms with the fact that it’s about time to head back to work, another reality is about to set in: It’s practically tax time. For most Americans, taxes […]
W-2s and 1099s for 2014 will soon be arriving in the mail. So it’s not too early to start thinking about putting together your Form 1040 for last year. For 2014, there are only two important federal income tax changes […]
The federal government has made some things clear: Same-sex couples married in any jurisdiction that permits such unions must now file their federal returns as married, even if they live in a state that doesn’t recognize their marriage. But the […]
The Internal Revenue Service today issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud. The […]
“Tax” has become a four-letter word in political discourse, but whether you think companies should pay less or rich people should pay more, there’s one thing most Americans can agree on: They’d be happy if their annual tax bill dropped. […]
Taxes are on the minds of many Americans this week as we finish the last minute details to get those returns in the mail on time. Taxes are a part of life that rolls around every year just like many […]
You are required to file a federal income tax return if your income is above a certain level, which varies depending on your filing status, age and the type of income you receive. However, the Internal Revenue Service reminds taxpayers […]
The number of electronic filing and payment options increases every year, which helps reduce your burden and also improves the timeliness and accuracy of tax returns. When it comes to filing your tax return, however, the law provides that the […]
In a report this week, the Tax Foundation attempts to answer the question. It compares how different income groups benefit from federal spending — directly and indirectly — for every tax dollar they pay. The broad takeaway: The bottom 60% of Americans […]