Taxes Blog

Thursday, July 21, 2011 3:14 pm
By Kay Bell · Bankrate.com

How much did the first-time homebuyer credit help the U.S. housing market? Not much. The much ballyhooed tax break was touted as the best way to shore up the sagging housing industry following the bursting of the real estate bubble. But a new paper by Jonathan Brogaard and Kevin Roshak, doctoral candidates at Northwestern University’s

» Read more
Tuesday, July 19, 2011 1:46 pm
By Kay Bell · Bankrate.com

For most folks looking for a job, especially in these tough employment times, the key factor is salary. But benefits also are nice. The usual workplace offerings are medical insurance and a retirement plan. And some companies even offer their employees added compensation via stock options. Employee stock plans that allow workers to get a

» Read more
Thursday, July 14, 2011 2:04 pm
By Kay Bell · Bankrate.com

Attention lawmakers looking for ways to bring down the country’s budget deficit. Sen. Carl Levin, D-Mich., says he knows an easy way to get $100 billion into the U.S. Treasury each year: close offshore tax loopholes and strengthen offshore tax enforcement. Levin has introduced a bill that contains a variety of measure to end what he

» Read more
Tags: tax, Taxes
Tuesday, July 12, 2011 9:48 am
By Kay Bell · Bankrate.com

Jane Chrissy Smith is one of the lucky ones. She claimed the first-time homebuyer credit on her 2010 tax return, was entitled to a refund and finally got her money last week. “Got my money today with $30 interest attached and a reminder that I will have to claim the interest on next year’s taxes!

» Read more
Friday, July 8, 2011 8:27 am
By Kay Bell · Bankrate.com

 How’s your year gone so far? Any big changes in your life? Did you get married? Buy a house? Have a kid? Start paying for a child’s college?  Congratulations on all of those.  Remember, though, that those momentous events are likely to affect your taxes. Find out how and what you can do about it

» Read more
Tags: tax, Taxes
Thursday, July 7, 2011 1:47 pm
By Kay Bell · Bankrate.com

Want a preview of what might happen in the federal debt ceiling and budget deficit battle? Visit Minnesota. Actually, don’t visit Minnesota. That state is still shut down after the governor, a Democrat, and the state legislature, controlled by Republicans, couldn’t agree on a state budget. It was a decidedly uncelebratory Fourth of July for

» Read more
Tuesday, July 5, 2011 11:56 am
By Kay Bell · Bankrate.com

Are the tax benefits that homeowners get worth their costs to the U.S. government? That’s a question that’s being asked more often as Congress continues to struggle with ways to deal with the deficit and devise the fiscal year 2012 budget. Homeownership tax breaks are not in the mix right now, but once we get

» Read more
Thursday, June 30, 2011 11:14 am
By Kay Bell · Bankrate.com

The Internal Revenue Service isn’t doing enough to ensure that its own employees are filing and paying their proper taxes. That’s the word from the Treasury Inspector General for Tax Administration, or TIGTA, the federal oversight office that keeps tabs on the IRS. Although the IRS does find employees who mess up their taxes and

» Read more
Tags: tax, Taxes
Tuesday, June 28, 2011 12:34 pm
By Kay Bell · Bankrate.com

Drivers who deduct mileage on their tax returns, rejoice! The Internal Revenue Service has increased the optional standard deduction amounts by 4.5 cents per mile. These are the rates that are available for business travel, as well as trips for medical treatments and moving. When you have qualified expenses — that is, costs approved by

» Read more
Tags: auto, Cars, tax, Taxes
Thursday, June 23, 2011 2:36 pm
By Kay Bell · Bankrate.com

Homeownership offers lots of tax breaks. But the crash of the housing market produced a new tax problem for some homeowners. When their homes went into foreclosure, many ended up owing tax on the amount of their debt that was forgiven by the lender who took over the property. Those folks got tax relief from

» Read more
Page 34 of 49« First...1020...3233343536...40...Last »