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How Cuts to State Taxes Could Hit Voters in the Wallet
Several states are currently weighing plans to phase out state income tax; the aftermath of similar policies in other states suggests that these... read more »
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California City Hit With $2 Million 'Parking Ticket'
Faced with the prospect of becoming the biggest municipal bankruptcy in U.S. history, Stockton, Calif., decided on a novel gambit: They just... read more »
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Your Taxes Are Due!
Unless you've filed for an extension, today is the last day to get your taxes turned in to the IRS. It also happens to be Tax Freedom Day, when... read more »
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Tax News
By John Grgurich, The Motley Fool
TurboTax Articles
It is important to understand how your adjusted gross income (AGI) affects your taxable income. Your AGI determines whether you can claim certain deductions and credits. To have AGI explained further, check out this video.
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If you cared for an elderly parent, your parent may qualify as your dependent, resulting in additional tax benefits for you.
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Anytime you hire someone, or engage in a business relationship with an independent contractor, you must generate an IRS form W-9, Request for Taxpayer Identification Number and Certification.
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When you use the funds from a Health Savings Account (HSA), or a medical savings account (MSA) such as an Archer MSA or Medicare MSA, the institution that administers the account must report all distributions on Form 1099-SA.
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Citizens or residents of the United States can file a tax return on Form 1040, 1040A or 1040EZ. It has some limitations that may change the amount of tax you?ll have to pay, or the potential size of your tax refund.
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