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Taxes

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Repent at Tax Time for a Year of Spending Sins

Every year at this time, because of the inevitable confluence of Easter and tax day, my inner Catholic gets resurrected, big time. This year’s guilty, post-itemizing revelation: What the hell happened to our budget, and where did all our money...

An Easy Paycheck Fix for 2012

If your tax refund (or bill) wasn’t quite what you expected, the problem could be that you claimed the wrong number of allowances on your W-4. Tax expert and CPA Kasey Pittman offers some guidelines on claiming the right number. It’s a...

Do a Little Math for Your Biggest Refund

Everyone wants to save money on their tax bill. But nearly two-thirds of taxpayers never itemize their deductions—a move that could add up to giving the government free money. If your itemized deductions are more than the standard deduction,...

Why AMT is Still on the Table

Want to avoid the Alternative Minimum Tax? We don’t blame you.  Alas, we Googled around, interviewed experts, and learned… there ain’t nothin’ you can do about it. The AMT is a “parallel tax” that was created in 1969 to prevent extremely wealthy...

Tax Tips from a Pro

Getting a fat refund check from the IRS can feel like winning the lottery—but luck has nothing to do with preparing your tax return. To help you make the most of your deductions this year, here are some Dos and Don’ts from personal finance maven...

Meal Deductions, Explained

One of your employees announces that she’s engaged, and you take her and the office out to lunch to celebrate. In the evening, you take out your business partner to celebrate the company’s one-year anniversary. Both of those count as business...

A Last-Minute, Year-End Tax Break

While you’re up in the attic or closet-diving for holiday decorations, lock in one last tax deduction by gathering up your old stuff. It could offset a nice chunk of your holiday bill: If you’re in the 25% tax bracket and you donate $1,000 worth...

Flat Taxes: For Better or Worse?

Perry and Romney are headed for a confrontation on tax policy. (STEVE MARCUS - REUTERS) By now you’ve figured out that a flat tax is pretty much what it sounds like. In the case of Republican candidate Herman Cain, who is proposing the 9-9-9...

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