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.
Tuesday, May 19, 2015 12:07 pm
By Kay Bell · Bankrate.com

Keystone State lottery players now get their winnings free of state taxes. The governor is proposing a tax on some jackpots as a way to close the state’s budget gap.

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Thursday, May 14, 2015 2:12 pm
By Kay Bell · Bankrate.com

Two New York City waitresses’ posthumous surprise tip is best ever because it’s tax-free.

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Tuesday, May 12, 2015 1:17 pm
By Kay Bell · Bankrate.com

Tom Brady will lose $2 million if his NFL four-game suspension is upheld. Massachusetts and New York tax collectors also will lose money if the quarterback doesn’t play.

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Thursday, May 7, 2015 4:08 pm
By Kay Bell · Bankrate.com

A recent investigation by the Treasury inspector general for tax administration investigation looked at a cases where IRS employees didn’t pay their taxes.

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Tuesday, May 5, 2015 10:37 am
By Kay Bell · Bankrate.com

The 2016 presidential campaign is well under way. I know, I can hear your groaning through the Internet. To borrow a campaign catchphrase, I feel your pain. As I type, six Republicans are seeking their party’s nomination. But by the time you read this, a couple of more candidates may have declared. The Democrats so far

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Thursday, April 30, 2015 1:16 pm
By Kay Bell · Bankrate.com

Maine’s governor wants his state to become the 10th one with no income tax. The advantages and disadvantages of no taxes aren’t necessarily clear cut.

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Tuesday, April 28, 2015 2:06 pm
By Kay Bell · Bankrate.com

The Senate is working on an expansion of 529 plans that follows the earlier House lead.

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Thursday, April 23, 2015 2:54 pm
By Kay Bell · Bankrate.com

Tax-related identity theft is a growing problem, and two women contend in a lawsuit that Intuit, maker of the popular TurboTax, “facilitates” the cybercrime.

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Tuesday, April 21, 2015 1:24 pm
By Kay Bell · Bankrate.com

Overall state tax revenues were up in fiscal year 2014 compared to the previous year, but some states lost money. How did your state fare?

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Thursday, April 16, 2015 1:09 pm
By Kay Bell · Bankrate.com

Tax Day is done, for most of us anyway. Uncle Sam thanks you. He now has a fresh influx of cash to keep his businesses running. But just what is he doing with our tax payments? The White House has an answer. The Obama administration has an online calculator on WhiteHouse.gov, where you can enter

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