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What you don't know can hurt you - financially - when it comes to taxes.
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For gay couples, the April 15 tax filing deadline can be a reminder of the disparities they face, even in a nation that is becoming more accepting of same-sex couples.
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The American Institute of Certified Public Accountants, with a membership topping 350,000 members, offers these tips from its members:
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The countdown is on: You've got just until the end of Tuesday, April 15, to file your federal and state income tax returns.
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Few Americans relish the annual chore of preparing their tax returns. Two out of three taxpayers, including me, simply hand the job to a pro. But that still leaves more than 50 million do-it-yourself die-hards.
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Who gets the biggest mortgage-interest tax break? Wealthy homeowners.
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Review your return
Everyone makes mistakes. But when it comes to tax returns, errors can be costly. Check and double-check the items below, which are among the most common tax goofs.
For 2007 income taxes, it’s the little things that count. Small deductions here, a credit there, a bit of help for homeowners caught in the mortgage crisis — all add up to tax savings for savvy filers.
Click to question David Stewart, IRS spokesman.
Have a question for the Internal Revenue Service? Make your inquiry directly to IRS spokesman David Stewart. If he can't answer, he'll find somebody who can.
College is one of the most expensive investments a parent can make in a child’s future. But there’s a consolation prize that comes with the hefty price tag: bigger tax breaks.
- When deducting small cash donations for 2007, you must have ’proper’ recordsIf you just gave cash — and didn’t get a detailed written receipt — you are out of luck trying to deduct those contributions on your 2007 taxes.
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