Taxes Blog

Thursday, May 26, 2011 1:17 pm
By Kay Bell · Bankrate.com

If you’re planning a driving trip this holiday weekend, I hope you budgeted enough for gasoline. Gas prices continue to be near $4 a gallon around the nation and are likely to hold there throughout the summer vacation season. Taxes contribute to what we pay at the pump. There’s the federal gasoline excise tax, which

» Read more
Tuesday, May 24, 2011 12:53 pm
By Kay Bell · Bankrate.com

If you plan to spend the Memorial Day weekend hitting holiday sales, then you’re in for some added savings if you live in Louisiana, Texas or Virginia. These three states are holding sales tax holidays this month. The Louisiana event, which runs May 28 and May 29, is designed to help folks get ready for

» Read more
Tags: tax, Taxes, Texas
Thursday, May 19, 2011 1:31 pm
By Kay Bell · Bankrate.com

Is the Internal Revenue Service spending too much of its time and our tax money tracking down wealthy tax cheats? That’s the charge from one watchdog group. Transactional Records Access Clearinghouse, or TRAC, a data gathering, research and distribution organization at Syracuse University, contends that the IRS’s Global High Wealth Industry group is not doing its

» Read more
Tags: tax, Taxes
Tuesday, May 17, 2011 1:20 pm
By Kay Bell · Bankrate.com

A month ago, most of us were staring down tax day by finishing up our 1040s. OK, I’m taking some liberties by using “us,” since I’m one of the 9 million or so taxpayers who got an extension, but you know what I mean. And most of us (OK, most prompter-than-I) filers also got or will

» Read more
Thursday, May 12, 2011 1:09 pm
By Kay Bell · Bankrate.com

Most American taxpayers believe they are overtaxed. Guess what? We’re actually in better shape than taxpayers worldwide. The Organization for Economic Cooperation and Development, or OECD, reports that the overall tax burden on Western workers’ earnings climbed in 2010 for the first time since the OECD started analyzing such data a decade ago. The OECD’s most

» Read more
Tags: OECD, tax, Taxes
Tuesday, May 10, 2011 3:35 pm
By Kay Bell · Bankrate.com

 Did you find filing your 2010 tax returns particularly troublesome? You’re not alone. National Taxpayer Advocate Nina Olson, speaking to a recent session of the American Bar Association Section of Taxation meeting in Washington, D.C., thinks so, too. What made it so bad for the woman in charge of making sure the Internal Revenue Service

» Read more
Thursday, May 5, 2011 1:25 pm
By Kay Bell · Bankrate.com

Cash-hungry states are beginning to stand up to Amazon.com Inc., the online bookseller-turned-general-merchandiser, when it comes to taxes. And things are starting to get nasty. At issue is whether Amazon and other online retailers are legally required to collect sales taxes on purchases made in various states. The general rule, thanks to a 1992 Supreme Court decision,

» Read more
Tags: tax, Taxes
Tuesday, May 3, 2011 12:43 pm
By Kay Bell · Bankrate.com

A recent New York Times/CBS News telephone poll on the deficit and taxes indicates that when it comes to dealing with the federal deficit, America’s feelings are as mixed — and as politically partisan — as those of folks on Capitol Hill who will have to make the country’s ultimate fiscal decisions.  In general, though, we

» Read more
Thursday, April 28, 2011 1:10 pm
By Kay Bell · Bankrate.com

The average tax refund last year was $3,003. Filing data complied by the Internal Revenue Service through April 8 show that refunds issued so far in 2011 are close to that amount. For returns processed by early April, the average refund was $2,895. Taxpayers who had refunds directly deposited to a bank account got a

» Read more
Tags: tax, Taxes
Tuesday, April 26, 2011 12:38 pm
By Kay Bell · Bankrate.com

Married couples usually have two choices when deciding which tax-filing status to use, married filing jointly or separately. But it’s a bit more complicated for spouses in same-sex marriages. In the states where such marriages are legal, gay and lesbian married couples typically are afforded the same filing status options as their heterosexual counterparts. On Internal Revenue

» Read more
Page 33 of 46« First...1020...3132333435...40...Last »