Taxes Blog

Want to make filing your annual state and federal tax returns easier? Bankrate’s Taxes Blog focuses on how to deal with real-life tax situations, from which forms to file to tax brackets and rates to credits and deductions that will lower tax bills. To ensure that the tax tips are up-to-date, Bankrate’s Taxes Blog also keeps an eye on tax-law changes and the politics behind state and Internal Revenue Code alterations. See the latest posts below.
Thursday, September 22, 2016 5:46 pm
By Kay Bell · Bankrate.com

The Work Opportunity Tax Credit can help both people who’ve had a hard time finding work and the companies that hire them. But a deadline to claim the WOTC tax break is fast approaching.

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Tuesday, September 20, 2016 11:22 am
By Kay Bell · Bankrate.com

Donald Trump’s revised tax plan is less costly, but at the expense of those who contribute to charities. They would lose more of the value of their itemized deductions.

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Thursday, September 15, 2016 3:38 pm
By Kay Bell · Bankrate.com

Some medal and prize-money winning U.S. Olympic athletes from the Rio Games are about to enjoy that income tax-free.

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Tuesday, September 13, 2016 5:11 pm
By Kay Bell · Bankrate.com

When you turn 70 1/2, tax law demands you take some money out of traditional IRAs and other tax-deferred retirement accounts. One senator wants to make those required minimum distributions, or RMDs, later.

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Thursday, September 8, 2016 4:54 pm
By Kay Bell · Bankrate.com

Brick and mortar retailers hope that a national sales tax law will get shoppers back into real stores. But lawmakers can’t agree on the tax method. Now a hybrid has been proposed.

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Tuesday, September 6, 2016 2:01 pm
By Kay Bell · Bankrate.com

Adjust your payroll withholding now to avoid the 2017 tax season delay of refunds related to Earned Income Tax Credit or additional child tax credit claims.

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Thursday, September 1, 2016 3:44 pm
By Kay Bell · Bankrate.com

Some South Florida property owners got surprisingly big real estate bills due to a computer entry error by the local tax office. You have options if you, too, get a tax bill that you think is wrong.

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Tuesday, August 30, 2016 2:44 pm
By Kay Bell · Bankrate.com

If you miss the 60-day retirement plan rollover deadline, a new IRS ruling could save you from taxes plus the 10% penalty usually assessed in these cases.

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Wednesday, August 24, 2016 11:40 am
By Kay Bell · Bankrate.com

The IRS is looking to transform its services and taxpayer interactions with a view toward digital enhancements. Some worry, however, that such a move will shortchange some taxpayers.

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Thursday, August 18, 2016 6:20 pm
By Kay Bell · Bankrate.com

The pervasive IRS impersonation tax scam keeps growing. With school set to resume, scam targets now are students, who are urged to pay a fake federal student tax.

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