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Should You Itemize Your Tax Deductions?

As you complete your taxes, you have the option to itemize your deductions or take a standard deduction. It's important to carefully consider which option is best for your specific tax situation, beca

Tax Brackets for 2017: Where Do You Fit?

In the United States, we have a progressive tax system, which means that individuals and families that have a higher annual income pay a higher percentage of their earnings in taxes than lower-income

Other Online Tax Programs to Consider

We've rated the best online tax software in our reviews, but there are a few others you may discover while looking for tax preparation software online. Some of these are spinoffs of services already i

6 Things You Need to Know to File Your Taxes Online

In 2014, 86 percent of U.S. taxpayers filed tax returns electronically. Many people are now using mobile and web applications to file their taxes. The major reason for this shift is the ease and conve

Are Online Tax Services Really Safe?

You've received all of your W-2s and 1099s, gathered your receipts and validated your expense reports. Now you're ready to file. E-filing via an online tax preparation service offers the easiest solut

Confusing Tax Laws that Small Businesses Need to Understand

Tax season is a stressful and often confusing time for small-business owners. Tax laws change often, and the deductions you enjoyed in years past may not apply today. While it's impossible not to focu

Things You Should Know About Filing Your Taxes Online

If you dread tax season and procrastinate until the last second every year, it’s time to file your taxes in a less painful way. Various software programs can help you quickly and easily file your taxe

Top Tax Apps to Make Tax Season Less Stressful

Filing taxes isn’t near the top of most people’s lists of fun things to do in the New Year. In fact, about one of every three Americans will wait until the last minute to file, according to the IRS. T

Should I Prepare My Own Income Taxes This Year?

According to the IRS, the number of people who hired a professional to prepare their taxes decreased from 2013 to 2014, and the number of people who did income tax preparation online increased. The tr

How to Find Help For Your Taxes

February is full of things to look forward to: crisp winter air, the Super Bowl, little heart-shaped chocolates, and taxes. Yes, taxes. The average American moans and groans when they're reminded of t

5 Tax Deductions Small Business Owners Can Miss

Finally, some positive economic news. Unemployment has dipped below six percent, you can buy a gallon of gas for under $2 in many parts of the country and the Dow keeps hitting record highs. But for

2014 Federal Income Tax Rates

Federal Tax rates have been announced by the IRS for 2014 and 2015. While you will see many 2014 tax rate charts showing a simple percentage, the U.S. actually has a progressive tax rate. Which means

IRS Tax Liens and Wage Garnishments

If you have significant tax debt, the IRS can put tax liens on all types of property, including real estate, personal property and financial assets. It is not a position that any one wants to be in. T

Owe Federal Income Taxes? Five Creative Ways to Pay Your Taxes

Owe taxes this year or think you might? First, if you have not yet prepared your return, do so now – even if you don’t submit it until the last filing day. That way, instead of worrying ab

Government Shutdown Delays 2013 Tax Season: Expected Processing Dates

Update: You can now submit your 2013 Federal returns for processing. As of Jan. 6, 2014, according to the Internal Revenue Service, the accepting and processing of 2013 Federal tax returns should beg

Tax Debt of the Rich and Famous

We applaud at concerts, we pay $10 for movie tickets and we buy season tickets to see our favorite sports team. We pay celebrities for the goods they offer and many pull down millions (or more) a year

Why Buying Tax Preparation Software is Still a Good Deal

Tax preparation software, as opposed to online services, supports five Federal eFiles. If you just need to file a 1040EZ or simple 1040, you can usually file for free online. However, if you need to i

Avoiding an Audit

No one likes paying taxes, but even more unpalatable than your annual tax bill is the threat of an audit – a process that can be time-consuming, intimidating and expensive. Your chance of being audite

Filing Prior Year Tax Returns: What to do if You Have Been Naughty

If you have missed the deadline for filing your taxes with the IRS, believe it or not you are not alone. It is estimated that in 2007 1.1 million people did not file, and those who didn't file have lo

Contacting the IRS and Your Rights

The first thing every tax payer fears is communicating with the IRS, especially if they have been chosen for an audit. Here are a few things to keep in mind while corresponding with the IRS: Contacti

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