The standard deduction is the same on all three tax returns. But the 1040EZ shows it differently.
Yesterday was the last day to complete your taxes. If you got a refund, here are some ways to spend that money.
A lot of taxpayers are filing their tax returns this month because they are getting a refund. Now the Internal Revenue Service is making checking on those refunds easier, at least for folks who own smartphones. The IRS today unveiled IRS2Go, its first smartphone application. It allows taxpayers to check on their status of their tax
The Senate extended the homebuyer tax credit Wednesday night, and the measure should hit the president’s desk soon. The House had extended the tax credit earlier in the week. This means that homebuyers have until Sept. 30 to close their transactions and take possession of their houses. The deadline had been June 30. And now
The mortgage interest tax deduction isn’t available to every taxpayer, but that doesn’t stop it from getting a whole lot of attention. The reason: Our homes are usually our largest purchases. And if you can claim this home-related tax break, it goes a long way in helping lower your eventual tax bill. But as I’ve noted over
It’s prime tornado season. Folks in the Northeast and South are cleaning up after spring floods. Hurricane season starts in a couple of weeks. Now’s the time to brush up on U.S. tax laws. Yep, the IRS can help when you take a hard hit from Mother Nature. You might be able to deduct on next year’s taxes
The IRS is expecting around 60 million returns to arrive this week. If you’re one of these last-minute filers, welcome to my club! I’m planning to give my return a once-over this afternoon, then hit the send button.
But as good as it feels to be done with your 1040 for another year, don’t relax too much. You might have some more tax tasks to take care of in the next couple of days.
If you lie about your income on your tax return, it could cost you your mortgage.