Saving Money on Taxes

The kiddie tax is a provision of the tax code whereby children under 18 (24 if they are a full time student) are taxed at their parents' rate for investment income over a certain threshold. This...

The government has passed a law that will give new home owner a tax credit for complying with the regulations.It's easy to become intimidated when dealing with the IRS and their paperwork demands,...

You've worked and saved for decades putting away money in your IRA. Then you retire and are ready to start drawing on your IRA and living the good life. What you don't want to see happen is for...

Self-employed individuals are often dismayed by the amount of taxes they owe. Failure to maximize tax deductions for self employment is a common problem. Tax law is often hard to interpret, and...

When you get behind on your tax payments, interest and penalties can add up quickly and place a heavy burden on your finances. If you cannot pay them, the Internal Revenue Service may put a lien...

Every year you must file your income taxes. Sometimes you get a refund and other times you don't. A tax refund isn't all that good because it is money the government didn't rate but had use of....

Selling a piece of real estate doesn't necessarily have to translate into reporting a substantial capital gain. The government has provided a set of rules that allow property owners to defer gains...

Tax time is incredibly stressful for most people. You either prepare your own (online or by hand), or you use a preparer. Try a few (or all) of these tips to "find" some extra money.

I know that the economists have many theories on how this money will be spent and how it will build our economy in the years to come. So, I wanted to talk about a few popular ways to spend your...

If you are serious about writing and making money on e-How and elsewhere, you might just earn some taxable income. Yes, it is possible to make money as a writer! This article will give you some...

Minimizing estate taxes is a major component of estate planning. Critics of the estate tax have questioned both its ethics and legality for decades, but it is a major source of revenue from the...

As tax time approaches it's important to find as many ways to save money as possible. For middle class families this can be a challenge. There are many tax breaks available if you just know where...

Nobody likes paying income taxes, but they are a necessary evil. Income taxes pay for programs like critical infrastructure, national defense, social and education programs, to name a few. Try...

Living on a fixed income is an enormous challenge for aging adults, particularly when the burden of taxation factors into the expenses we must shoulder at that age. But with careful planning,...