Taxes

IRS Recalls 1040 Forms

It has been a strange week for money, with the IRS recalling erroneous forms, California retailers organizing a debit card protest—and more. Keep reading for the best DW news you can use. Wrong Forms Confuse Tax Payers A printing error on 1040...

New Fridge or AC? Get Cash Back

More Cash for Clunkers If you need a new water heater, air conditioner, furnace, fridge or washer-dryer, now could be the time to buy it. Under the new State Energy Efficient Appliance Rebate Program, many new appliances qualify for government...

Tax Refund Allocation Dilemma

Meet TRAD What is TRAD? TRAD is the Tax Refund Allocation Dilemma, and it's a hazard this time of year. Here's one reader's puzzle: Q: I'm getting about $1,200 back for my tax refund. There are three things that I would like to do. What is the...

Green Your Taxes

Wouldn't it be wonderful if you could get a tax break for living a greener life? As yet, there's no tax credit for composting, buying organic chicken or using CFL lightbulbs. (Darn, those things are expensive!). But some eco-friendly upgrades can...

10 Tax Tips for Small Businesses

Readers, please note that DailyWorth is retracting the section below on the home office deduction, owing to the complexity of this particular tax rule. We will post a correction soon, and a lengthier post explaining this deduction. Please check...

Split Your Refund and SaveUP!

Note: This post applies to Canadians, in part. Millions of Americans use their tax refunds as a form of forced savings. You know who you are. Money experts quibble with this strategy, arguing that when the government withholds extra money from...

Unclutter Your Taxes

(To our loyal readers in Canada and abroad, we're striving to one day make emails like this relevant to you.) OK, beautiful people. You've got 76 days until April 15th. Are you ready? Probably not. We're not. So we coaxed Erin Doland, renowned as...

Taxing Matters

Accountants keep running lists of ways to audit-proof tax returns, and you should, too. For starters, avoid using any round numbers on your return. For example, if you report that you earned $45,000, instead of $47,890.26, it sends a red flag to...

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