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Tax Tips for Procrastinators: The Top 8 Last-Minute Filing Blunders

Taxes are due - filing tipsHaste makes waste: It's an adage that best describes the fate that often befalls last-minute taxpayers, who, in a mad dash to meet the IRS deadline, make filing flubs that result in smaller refund checks or shelling out more to the government than they owe.

If you're among those last-minute filers, first, take a breath. Then take note of eight common filing mistakes to avoid.

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Cities with the Highest Tax Rates

Much ado is made in the press about federal tax brackets, but cities can carry a tax bite of their own. Even if you live in a state that has no income tax, your city may levy a variety of taxes that could eat away the entire benefit of living in an income tax-free state, including property taxes, sales taxes and auto taxes. Consider all the costs before you move to one of these cities, and understand that rates may change based on your family's income level.

Great Ways to Get Charitable Tax Deductions

Generally, when you give money to a charity, you can use the amount of that donation as a deduction on your tax return. However, not all charities qualify as tax-deductible organizations. While there are many types of charities, they must all meet certain criteria to be classified by the IRS as tax-deductible organizations. There are legitimate tax-deductible organizations in many popular categories, such as those listed below.

A Freelancer's Guide to Taxes

Freelancing certainly has its benefits, but it can result in a few complications come tax time. The Internal Revenue Service considers freelancers to be self-employed, so if you earn income as a freelancer you must file your taxes as a business owner. While you can take additional deductions if you are self-employed, you'll also face additional taxes in the form of the self-employment tax. Here are things to consider as a freelancer when filing your taxes.

Tax Deductions for Voluntary Interest Payments on Student Loans

Most taxpayers who pay interest on student loans can take a tax deduction for the expense ? and you can do this regardless of whether you itemize tax deductions on your return. The rules for claiming the deduction are the same whether the interest payments were required or voluntary.

Tax Tips for Uber, Lyft, Sidecar and other Car Sharing Drivers

When you're a driver for a ride-sharing company such as Uber, Lyft, Sidecar, or other car sharing service, the most important thing to understand about your taxes is that you are probably not an employee of Uber, Lyft or Sidecar. Drivers for these companies are usually independent contractors, a fact that has tax implications, both at filing time and year-round.

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What's the difference between head of household & claiming a child as a dependent who does not live w/you?

April 17 2012 at 1:29 AM Report abuse rate up rate down Reply

Is aol going to find a new source for news. I heard they were giving the Ax to Huffington Post. Has anyone else heard that?

April 16 2012 at 11:23 PM Report abuse rate up rate down Reply


April 16 2012 at 7:31 PM Report abuse rate up rate down Reply

Obvious barrelman1 has not looked at the following Buffet link:

April 16 2012 at 6:25 PM Report abuse rate up rate down Reply

Don't worry if Obama gets re elected we are all done anyway!

April 16 2012 at 5:15 PM Report abuse rate up rate down Reply

Struggling for stories are we, AOL? Let me sum up this article for anyone that hasn't read it yet: Don't make mistakes. There you go, now I'm qualified to write news for AOL / Yahoo / Huffpost!

April 16 2012 at 4:40 PM Report abuse rate up rate down Reply

A vote for OB is a vote for NO B

April 16 2012 at 3:33 PM Report abuse rate up rate down Reply

We at Inland Valley Income tax would love to do your Taxes!!!!!!!!! call us we'd love to beat the dead line for you

Thank you ...951-684-1150

April 16 2012 at 3:11 PM Report abuse rate up rate down Reply


April 16 2012 at 2:24 PM Report abuse rate up rate down Reply

Understand, sometimes it is best in the long run to leave out a deduction or two. If you are middling folk, small business and can't afford to be lawyered up to the max, then leaving out a deduction or two out, when audited comes in handy, I have been audited and being able to come back with those additional deductions saves me time and headache when I have been audited. Not a crime to over pay, but it is a crime to underpay.
Just a thought!

April 16 2012 at 12:14 PM Report abuse rate up rate down Reply