Taxes Blog

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

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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

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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,

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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

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Wednesday, June 30, 2010 9:49 am
By Kay Bell · Bankrate.com

I’m a big fan of horror movies, but Congressional action on the first-time homebuyer tax credit is starting to get too scary for even me. This tax break has become a combination Frankenstein and zombie of tax laws. When first created in 2008, it wasn’t really a credit (although lawmakers called it that), but a $7,500

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Tuesday, June 29, 2010 3:16 pm
By Kay Bell · Bankrate.com

Little did I realize when 2004′s rash of  hurricanes literally drove us out of Florida would I be worrying about these storms here in landlocked Austin, Texas. But life is funny sometimes. Since the hubby and I moved back home to the Lone Star State, we’ve watched Katrina come into the Gulf, then Rita along

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Tags: disaster, tax, Taxes
Friday, June 25, 2010 9:22 am
By Kay Bell · Bankrate.com

Remember yesterday when I suggested you do all you can to close on your new home by June 30 if you want to claim the first-time homebuyer credit on your 2010 taxes? The Senate made that advice more urgent last night when, for the third time it was unable to sign off on the tax

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Thursday, June 24, 2010 2:47 pm
By Kay Bell · Bankrate.com

You’ve probably heard that the first-time homebuyer tax credit might be extended.  More precisely, as my Bankrate colleague Holden Lewis blogged, it’s the closing date that might be pushed to Sept. 30. Not that I want to get into good blogger, bad blogger with Holden, mainly because I deal with taxes, which automatically tends to

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Tuesday, June 22, 2010 2:21 pm
By Kay Bell · Bankrate.com

If you have a bad habit you want to break, the tax collector wants to help. Really. It’s only for your good that an increasing number of states are imposing more and higher taxes on activities that lawmakers, usually armed with some advocacy group statistics, deem detrimental to our individual, or even society’s, well-being. Or

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Thursday, June 17, 2010 1:58 pm
By Kay Bell · Bankrate.com

Poor Snooki. She and her Jersey Shore buddies are going to have to deal with the real sun this summer if they want to keep their tans. That, or the MTV reality (or so they say) show personalities (sorry, I couldn’t bring myself to type “stars”) will have to pay extra next month to be

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