Bloomberg reports that under Obama's health care reform proposal, a new tax would apply to income from interest, dividends, annuities, royalties, capital gains, and rents for individuals who earn more than $200,000 and joint filers reporting more than $250,000. The President had proposed a 2.9% tax for this unearned income (i.e income not directly from a salary), but Congressional leaders ar
Search results for tax
Stupidest Tax Mistakes to Avoid
Posted 1 day 19 hours ago (http://feedproxy.google.com)
(Guest Post by Lisa Rowan)All too often, the return of tax season is greeted with the dragging of feet and pulling of hair-and that’s even before the pencils are sharpened. Many of the headaches caused by tax preparation can be avoided with a little research and review.Dodge these seven common tax [...]
What’s My Tax Bracket?
Posted 3 days ago (http://www.bargaineering.com)
In personal finance, you have to make a lot of decisions with imperfect information. You contribute to a Roth IRA because you like the tax free growth and you believe that you will be taxed at a greater rate in retirement (otherwise it may be better to contribute to a Traditional IRA). You buy a [...]What’s My Tax Bracket? from personal finance blog Bargaineering.com.
16 Ways Not To Blow Your Tax Refund
Posted 3 days ago (http://frugaldad.com)
It’s that time of year again. That time when Uncle Sam returns some of your hard-earned tax dollars that he’s been borrowing at zero-percent interest. Tax refunds are sort of a forced savings account for many people. And while I personally aim to avoid receiving a tax refund, there are some smart things to do [...]Post by Frugal Dad
How to File a Federal Tax Extension
Posted 8 days ago (http://www.moolanomy.com)
April 15 looms on the horizon. There may be any number of reasons that you are not prepared to file a tax return, from not having your dividend statements back, to waiting to get a home buyer tax credit, to straightforward procrastination. No matter your reasons, you can actually file for an extension. Any taxpayer [...]
Check Your Federal Tax Refund Status
Posted 9 days ago (http://www.getrichslowly.org)
For years, I loved to get a tax refund. In fact, it seemed the only way I could save was by having extra withheld from my paycheck so that I’d get a big refund at the end of the year. Using this method, I was able to buy a new computer, a new bike, and all sorts of other toys. (But, of course, I was never smart enough to use the money to pay down debt.) I’m older and wiser now, and I
How to Survive a Tax Audit
Posted 9 days ago (http://www.bargaineering.com)
Now that we know how the IRS picks who to audit, we need to know what we can do to prepare for it. Even if you’re sure you got your return right, that you didn’t participate in an abusive tax avoidance scheme, or can’t possible be snared by the computers, there’s still that “randomly selected” [...]How to Survive a Tax Audit from personal finance blog Bargainee
File a Tax Extension Instead of an Amended Return
Posted 11 days ago (http://www.moolanomy.com)
As April 15 inches closer, many are beginning to get their tax documents together and prepare to file their tax returns. However, there are many who don’t have all their tax documents by the requisite time, or who want a little extra time to make some savvy tax moves for their 2009 returns. In such [...]
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