Taxes
-
28 Ways Your Tax Return Could Trigger an IRS Audit
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…
-
13 Things You Should Never Donate
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…
-
The Biggest Mistakes People Make With Their Wills
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…
-
Here’s How Long You Should Keep Your Tax Returns and Why
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…
-
10 Tax Day Freebies and Deals to Look for This Year
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…
-
Strange But True Tax Laws From All 50 States
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…
-
17 Crazy Tax Deductions That Were Actually Legit
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…
-
51 Fun and Interesting Facts to Lighten Up Tax Time
“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…
-
10 Strange Taxes Around the World That We Don’t Have
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…
-
23 Tax Horror Stories That Will Make You Fear the IRS
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…
-
Don’t Make These 12 Major Mistakes While Filing Your Taxes
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…
-
10 of the Craziest Ways People Struck Gold
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…
-
9 States With No Income Tax (And What That Means For You)
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…
-
The IRS Is Building a Free Online Tax Filing System That Could Save Americans Billions
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 Rich People Don’t Pay Enough Taxes? Join the Club
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 Tricked 4 Million into Buying Tax Software They Didn’t Need — Now They’re Paying Up
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…
-
TurboTax Has Spent Millions Lobbying Against a Free Tax Filing System and We Are OVER IT
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…
-
Warren Buffett Is Worth $100 Billion and Still Pays Less in Taxes Than You
Make no mistake: Taxation in the United States is an uneven playing field. And recent changes in tax law have tilted it even further toward wealthy taxpayers. Many billionaires famously…
