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If you still file a paper return, it’s important to know the IRS’s “timely mailed = timely filed” rule: If your tax return is due April 15, it’s considered timely [...]

Courtesy IRS Did you live or work abroad or receive income from foreign sources in 2013? If you are a U.S. citizen or resident, you must report income from all [...]

Courtesy of IRS If you don’t have taxes withheld from your pay, or you don’t have enough tax withheld, then you may need to make estimated tax payments. If you’re [...]

For you to deduct up to $3,900 on your 2013 tax return under the adult-dependent exemption, in most cases the parent must have less gross income for the tax year [...]

Courtesy IRS.gov You may be able to reduce your taxes if you made certain energy-efficient home improvements last year. Below are facts that you should know about home energy tax [...]

Information courtesy of IRS   If you are looking for a tax deduction, giving to charity can be a ‘win-win’ situation. It’s good for them and good for you. Here [...]

Information courtesy of irs.gov    There are a few basic tips to keep in mind about the new health care law. Health insurance choices you make now may affect the income [...]

Tax write-offs for the self-emplyed: Home office: If you work from home, you can claim your home office. There are a few stipulations attached. Health insurance: Self-employed health insurance premiums [...]

Information courtesy of IRS Many people pay for the care of their child or other dependent while they’re at work. The Child and Dependent Care Credit can reduce that cost. [...]

Information courtesy of IRS   Taking money out early from your retirement plan may trigger an additional tax. Things you should know about early withdrawals from retirement plans: 1. An early [...]

Tax-advantaged retirement plans allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. But annual contributions are limited by tax law, and any unused limit [...]

Courtesy of irs.gov If you are an independent contractor or run your own business, there are a few basic things to know when it comes to your federal tax return. [...]

Information courtesy of irs.gov If a lender cancels or forgives money you owe, you usually have to pay tax on that amount. But when it comes to your home, an [...]

Information courtesy of irs.gov You normally must pay income tax on your investment income. That is also true for a child who must file a federal tax return. If a [...]

Information courtesy of IRS If you work from home, you should learn the rules regarding how to claim the home office deduction. Starting this year, 20124,  there is a simpler [...]