Taxes

April 15 is the date United States personal income tax returns are due. Estimated returns and payments are due throughout the year.

Dec 13, 2009 - James Hutchinson

The IRS is now providing a tax credit of up to $6,500 for many homebuyers for a limited time, subject to restrictions. Purchasers need to act quickly.

Nov 20, 2009 - James Hutchinson

Borrowing from a retirement plan provides cash for current needs, but may reduce the money available later. It is important to consider options carefully.

Nov 13, 2009 - James Hutchinson

The Internal Revenue Service allows a tax deduction for state and local taxes if a taxpayer itemizes. Knowing the rules can increase refunds.

Oct 13, 2009 - James Hutchinson

Taxpayers can still get a deduction for donating a vehicle to charity, but are limited to the fair market value for that particular car or boat.

Oct 7, 2009 - James Hutchinson

Taxpayers in the U.S. are assessed based on a progressive tax system, where rates increase as income rises. Flat tax systems are another alternative.

Oct 4, 2009 - James Hutchinson

Tax-exempt bonds pay a lower interest rate, but can benefit the holder when calculating taxes. Buying at the right price brings a better return.

Oct 1, 2009 - James Hutchinson

Taxpayers need to be able to understand tax terminology concerning exemptions, deductions and credits to get the full amount of their refunds.

Sep 23, 2009 - James Hutchinson

Learn what itemized deductions can save taxpayers money if they exceed the Standard Deduction on Schedule A on the Internal Revenue Service Form 1040.

Sep 14, 2009 - James Hutchinson

The United States IRS offers a deduction for home mortgage interest. Does it make sense to buy a home just to benefit on the tax savings or save money on rent?

Sep 11, 2009 - James Hutchinson

The Internal Revenue Service taxes United States citizens on Interest, Dividends and Gains on Sale of Investments. Knowing the rules can reduce the tax burden.

Aug 25, 2009 - James Hutchinson

Waiting until year end to make changes effecting income tax leaves little time for them to significantly change liability. Starting sooner will help more later.

Aug 17, 2009 - James Hutchinson

Employers are required to provide health insurance coverage after an involuntary termination. Those needing the insurance have options on when they can elect coverage.

Mar 17, 2009 - James Hutchinson

U. S. Income Taxes that are withheld in excess of the tax liability are refunded each year. Some taxpayers intentionally overpay their taxes to get a large refund.

Mar 4, 2009 - James Hutchinson

Every employee working in the U.S. should receive a W-2 Form. Used to record income and deductions, it is one of the most important pieces to filing a tax return.

Feb 24, 2009 - James Hutchinson

Every taxpayer should keep a copy of their tax returns and supporting documents. How long they should be kept depends on the individual situation.

Feb 20, 2009 - James Hutchinson

Using discretion when recognizing income and paying expenses can help reduce payouts and maximize refunds on United States income taxes.

Jan 20, 2009 - James Hutchinson

Filing a tax return involves more than just filling out a form. An accurate return requires good record keeping and having the pertinent information handy.

Jan 16, 2009 - James Hutchinson

The Wash Sale Rule prevents taxpayers from deducting losses on some investments that are repurchased. When does it apply and what are the reasons behind the rule?

Dec 7, 2008 - James Hutchinson