Taxes Blog

Thursday, July 29, 2010 2:56 pm
By Kay Bell · Bankrate.com

Are you psyched for the sales tax holiday in your state? Enjoy. But if you’re planning to go tax-free shopping in a neighboring state, you might want to reconsider. You’ll likely owe your own state a use tax on your out-of-state purchases. Use taxes are the companions to state sales taxes. They are assessed on otherwise tax-free

» Read more
Tags: tax, Taxes
Tuesday, July 27, 2010 2:35 pm
By Kay Bell · Bankrate.com

If you’re a shopper, especially one with school-age children, you love state sales tax holidays. If you’re a retailer, you love them, too, even though the short-term changes in tax collections causes you some administrative hassle. And if you’re a politician, especially in an election year, you definitely love tax holidays. So who’s not so

» Read more
Friday, July 23, 2010 4:34 pm
By Kay Bell · Bankrate.com

My blog item about what’s up with the estate tax prompted some questions from Bankrate reader Jay. First, Jay would appreciate if I would elaborate a bit on the change in the stepped-up basis rule that is affecting some people who’ve inherited estates. He also wonders whether there are any figures on the taxes gained

» Read more
Thursday, July 22, 2010 10:24 am
By Kay Bell · Bankrate.com

We finally got an indication yesterday that the estate tax, which lapsed at the beginning of the year and has cost the U.S. Treasury billions with the deaths of several uber-rich individuals in 2010, might be back. There’s always been a contingent that’s wanted to permanently kill the estate tax.  The interesting thing this year

» Read more
Tuesday, July 20, 2010 9:30 am
By Kay Bell · Bankrate.com

If you’re thinking of converting your traditional IRA to a Roth retirement account, you are definitely not alone. This year, anyone can change a regular IRA — the kind that might give you a tax deduction upfront but upon which you’ll owe taxes when you finally start taking distributions — into a Roth IRA. A Roth

» Read more
Thursday, July 15, 2010 9:38 am
By Kay Bell · Bankrate.com

Those crazy kids! Levi Johnston and Bristol Palin are engaged. Again. It’s not that surprising that their first betrothal didn’t work out. They were thrown into the spotlight when Bristol’s mom, former Alaska Gov. Sarah Palin, was tapped as the Republican vice presidential nominee. Since then, the young couple has had a stormy relationship, not to

» Read more
Tuesday, July 13, 2010 11:54 am
By Kay Bell · Bankrate.com

Back in April, the American Enterprise Institute, or AEI, released a compilation of data from various public opinion surveys that revealed, ta-da!, we hate paying taxes. But what tax did the conservative-leaning think tank find topping the list of most-hated? No, not the federal income tax. We are most opposed to our property taxes. Even though

» Read more
Thursday, July 8, 2010 2:18 pm
By Kay Bell · Bankrate.com

If you’re like me, you shop online because it’s convenient. And if you’re like a lot of Americans, you also shop online to avoid sales taxes. That’s not as easy as it used to be. I remember when Internet stores made a big deal about the tax savings. States, however, soon realized how much money

» Read more
Tuesday, July 6, 2010 11:16 am
By Kay Bell · Bankrate.com

Summer on the East Coast has arrived with a vengeance.  Temperatures already are near or exceeding 100 degrees. And it won’t be long before the rest of the country is sweltering for the next three months. The tax code, however, can help with your cooling needs. The 2009 stimulus bill created a tax credit (remember,

» Read more
Thursday, July 1, 2010 9:47 am
By Kay Bell · Bankrate.com

If you were struggling to close on the purchase of a home so you could get an $8,000 tax break, thank the housing gods or whatever deity you follow. You now have three more months to close on your new home. At the literal eleventh hour last night, the Senate signed off on a measure

» Read more
Page 47 of 51« First...102030...4546474849...Last »