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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

Federal Extension Form 4868

How do I file a federal tax extension, and do I have to pay now? Unfortunately, filing a Form 4868 to extend your time to file does not delay your due date for paying your 2013 tax liability. Even i

Form 8949 and Schedule D Changes for 2013

Do I report all transactions using Form 8949, or can I direct report using Schedule D? Reporting sales of stocks and other capital assets to the IRS can be a tricky business. When filing your 2013 t

Deductible Dependents 2013

Can I claim adult relatives or non-relatives as dependents? One of the main things to consider when it comes to any type of federal deduction or credit is whether it can be claimed by someone else.

2013 Tangible Property Claim Changes

How can I claim tangible property that I have purchased or improved this year? The IRS has made some changes for the 2013 tax season in regards to how you can claim tangible property. The changes fo

2013 Business Mileage

How much can I claim for 2013 business mileage?   Good news for businesses this year: The IRS has increased the standard mileage rate that you can claim on your federal return by 1 cent for bus

Filing Same Sex Married State Taxes

Can same-sex married couples file a joint state return?   Same-sex marriage is recognized by numerous U.S. states, the District of Columbia and some Native American jurisdictions. The federal g

State Sales Tax for Online Retailers

Do I need to collect sales tax for products I sell online?   The short answer is, as with most tax topics, it depends. For the most part it depends on the state and your sales volume. Older law

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