For most taxpayers, it’s unlikely that they will be audited by the IRS. But that doesn’t mean it’s completely out of the question. While the number of audits has dropped dramatically in recent years, the IRS knows that every $1…
If you’re anything like us, you’ve got the spring cleaning bug right now. The urge to purge your closets and basement of clutter is strong, and you’ll probably consider donating a lot of it to second hand shops. But despite…
Making a will should be on your mind — yet up to 60% of Americans do not have a will, according to a summary of the situation by LegalZoom. It’s the best way to ensure loved ones inherit what you…
After going through the annual chore of filing tax returns, most people want to put the ordeal behind them. But before banishing the experience from memory, there’s one more important task to complete, and that’s properly saving the supporting documents…
Tax Day is one of the most stressful “holidays” of the year. To help take the sting out of paying Uncle Sam and relieve the anxiety of rushing to file on time, a number of stores and restaurants have offered…
The United States tax code is anything but simple. The instructions for the standard 1040 tax form alone are more than 100 pages long, and good luck getting through them in one sitting. Tax rules and regulations at the state…
Former President Donald Trump’s tax returns — and his reported $70,000 deduction for hairstyling — once became a hot topic and got lots of people talking about what is and what…
“Fun tax facts” may seem like an oxymoron, but sometimes taxes can be amusing. From a tax on beards in czarist Russia to an American astronaut who forgot to pay…
There’s little joy in combing through paperwork and receipts to figure out how much you may (or may not) owe Uncle Sam for the year. But cheer up. You could…
In the best-case scenario, filing your taxes is monotonous yet painless, resulting in a modest return. In the worst-case, it can become a bureaucratic nightmare, resulting in increased payments and…
Whenever tax season rolls around, it’s crucial to approach the tax-filing process with due diligence and attention to detail. Every year, droves of people face unnecessary audits or fines due…
There are some wildly unexpected ways that you can win big and elevate yourself to mountainous levels of wealth. Some people strike it rich while thinking outside the box. Others…
About 10,000 people retire daily, and that’s just going to accelerate through 2030, when every baby boomer will be over the age of 65. As the end of their earning…
If you live in a state like California or New York, you might be shocked to learn that some states don’t charge income taxes. Sounds like a dream, right? But…
If you’re fed up with expensive tax filing services, we have good news. The IRS is developing its own e-filing pilot program that would let taxpayers submit returns directly to…
Think the rich have gotten too much of a break when it comes to taxes? You aren’t alone by a long shot. According to Pew Research Center, more than half…
TurboTax has been lobbying to make taxes more difficult for years in order to make money off tax-paying Americans, and they’re finally going to pay for it thanks to a…
When tax time rolls around, people everywhere gather their receipts and paycheck stubs and forms and … wait, is this really everywhere? In countries like Denmark, Spain, Sweden, and the…