Timely News Items
April 14, 2013
Thursday May 23rd, 2013
Some states are becoming tighter-fisted with tax breaks for retirement income, while others are hoping to lure retirees by exempting more income from taxation.
Ask Encore: How to navigate spousal benefits, health coverage and Roth IRAs.
Social Security tax maximums and cost-of-living adjustments are calculated differently based on formulas set by law.
To earn yields of 5% or more, investors are turning to more complex fare, such as high-yield corporate bonds, preferred stocks and real-estate investment trusts.
Use Form 1040X if you forgot to include some income or overlooked deductions, credits and other breaks.
The maximum amount of earnings subject to the Social Security tax for 2013 is $113,700. But there's no limit on the amount subject to Medicare taxes.
If you do get a check, what should you do with the money? Financial planners point out that many people treat the money as a windfall and spend it. But here are five ideas to make the most of your refund.
The earned income tax credit applies even if you don't owe penny in tax. You can file an amended return to claim it if you qualify.
Getting a six-month extension gives you more time to file your return. But it won't give you more time to pay any taxes owed.
Identity theft is among the IRS's annual "Dirty Dozen" ranking of tax scams taxpayers may face.
The law allowing the estate-tax exclusion amount to be portable between spouses appears to be here to stay.
April 15 is the deadline to file tax returns for 2009 and claim any refund.
Liberal-arts schools are adjusting their marketing to attract students with cash-back deals and free classes and semesters.
New tax for 2013 affects net investment income, including interest, dividends, capital gains, and rental and royalty income.
The IRS considers any forgiven debt of $600 or more as taxable income. Yes, that means you could be paying taxes on the money you didn't pay back.
The IRS is allowing more people to enter a special program that eases penalties for those who haven't been following the rules.
While many young professionals use a tax refund to fund splurges, experts say you should first consider putting it toward paying down debt and funding retirement savings.
If you overpaid your taxes last year and are eligible for a big refund, you may benefit by making some changes for this year.
Being self-employed means regularly setting aside the money you think you'll owe to the IRS and your state. But how exactly do you go about that?
In early March, the Internal Revenue Service will begin accepting certain types of returns that it hasn't been able to process.