Marines arrive in Afghanistan

Tax Benefits for Members of the Military

Under normal circumstances, preparing all but the simplest tax returns can be confusing and stressful. For many military taxpayers, there is no such thing as

Is Your ‘Business’ Just a Hobby?

There’s an old Gershwin song that goes, “You say tomato, I say tamahtoe … let’s call the whole thing off.” Taxpayers and the IRS have

tax receipts

To Itemize or Not to Itemize? That Is the Question

Misconceptions are common when it comes to taxes in general, but some aspects of income tax preparation seem to have more than their fair share.

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Don’t Forget to Deduct…

The tax-preparation chain H&R Block is running a commercial this year that invites Americans to “get their billions back.” But what exactly does it mean?

taxes and calculator

Six Common Tax Misunderstandings – and How to Survive Them

During the first few months of the year, I read lots of articles and hear from many readers on the question of income taxes. It’s

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Five Tax Breaks for Parents

There’s a lot to be said about having children; they’re a joy, they’re a handful — and they’re expensive. How expensive depends upon where you


Seven Truths About Self-Employment

It’s three hours until closing time and you’re already counting down. Once the clock strikes 5 p.m., you are ready to race out that door

IRS building

Your Taxpayer Bill of Rights

The majority of taxpayers have long held the belief that they have no rights before the IRS, according to IRS National Taxpayer Advocate Nina Olson.

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Tax Prep Checklist

Even the most knowledgeable tax professional can’t complete your income tax return correctly and quickly without all the information they need. Yet every year, countless

Tax prep and customer

Going Pro: How to Choose a Tax Preparer

More than 50% of taxpayers hire a professional to prepare their taxes. But you’re legally responsible for what is on your tax return even if

An annual income of $65,000 would put you in the 25% tax bracket if you're single. But that's not the whole story. Photo: 401(k)

Understanding Income and Tax Brackets

There is a good reason so many people seek professional help with preparing their income taxes. It’s because the tax is complicated, and at the heart

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Six Big Financial Differences Between a Normal Job and Self-Employment

In 2008, I took the leap from a traditional white collar job into self-employment, mostly on the back of a small side gig I had

taxes and calculator

Top Tax Scams to Watch Out for in 2016

Every year, Americans lose untold billions of dollars to a host of tax scams that range from identity theft to return-preparer fraud. While most of

TurboTax Refund for Deluxe Customers

Taxpayers and investors alike have expressed outrage this tax season over recent changes made by . The company’s “Deluxe” package, a popular choice in recent years,

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Debt Forgiveness and Taxes

In 1726, author Daniel Defoe wrote in “The Political History of the Devil” that, “Things as certain as death and taxes can be more firmly


Tax Changes for 2015

It’s nearly impossible to talk about taxes without remembering Benjamin Franklin’s observation: “In this world, nothing can be said to be certain, except death and

e-filing taxes on laptop

The Facts About E-Filing Your Taxes for Free

If it’s free, it’s for me! With few exceptions, no one really enjoys filing their taxes, so why not reduce the sting by doing it


Tax Guide for College Students

College is a huge step toward adulthood. Going to class, homework and studying, holding down a job, figuring out a way to pay for college,

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