House Passes Senate Budget Bill Convincingly: We Have A Tax Deal!
Well, color me surprised. The House voted on the budget after all, and they voted up or down, rather than amending the Senate bill. The House voted “Yea” and they did so quite convincingly (257 YEA to...
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IRS Announces 2013 Tax Rates, Standard Deduction Amounts and More
The IRS has released the tax tables for 2013 as well as the cost-of-living adjustments for inflation for certain tax items. But wait… before you read any further, promise me something? You understand...
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A Beginner’s Guide To Taxes: Do I Have To File A Tax Return?
Tax season can be intimidating for seasoned pros, not to mention the fear it strikes into the hearts of newbies. To help you out (and inspired by the smart and savvy @samsharf), I’ve put together a...
View ArticleDoes The IRS Have Your Tax Refund?
It’s 2013. Do you know where your refund is? No, not your 2012 refund (arguably, no one knows where many of those are) but your 2009 refund. Nearly $1 billion in outstanding refunds remain unclaimed by...
View ArticleDelayed Tax Refunds, The EITC & How We’re Getting It Wrong
By the time you read this post, Donna* (not her real name) and her 11 year daughter will be homeless. Donna is one of millions of taxpayers who rely on a tax refund each year. This year, for some...
View ArticleIRS Reports Tax Filing Numbers As Expected, Issues Statement On Refund Delays
This time last week, individual taxpayers were rushing to file their last minute tax returns. As of April 11, 2014, the IRS reported receipt of almost 113 million tax returns, upwards of 80% of what is...
View ArticleMultimillion-Dollar Tax Fraud Scheme Used Info Stolen From Kids (You Won’t...
Remember that “13 Investigates: IRS tax loophole” video that went viral? This one? People went nuts about this supposed loophole that allowed tax credits for undocumented workers to use to beef up...
View ArticleBuffett Gets It Wrong On Tax Benefits, Income Gap
Self-made billionaire Warren Buffett is the third wealthiest person in the world, according to Forbes. His net worth is $71.6 billion. He’s probably made a few million in the time that it took for me...
View ArticleFix The Tax Code Friday: What Should We Do About The Earned Income Tax Credit...
Warren Buffett was in the news again for suggesting that rather than raise the minimum wage, we should tackle the income gap through tax policy. Specifically, Buffett recommended modifying (likely...
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2015 Tax Rates, Standard Deductions, Personal Exemptions, Credit Amounts & More
With tax season firmly behind us (er, for those of you who didn’t file for extension), now is a good time to take a look at your current financial picture and check to see how it squares against the...
View ArticleFix The Tax Code Friday: Tightening Up The EITC
It’s Fix The Tax Code Friday! Donald Trump ruffled some feathers in Kansas City when he suggested that what he wanted most in terms of tax reform was: I want to put H&R Block out of business. I...
View ArticleHere’s Why Your Tax Refund Might Be Delayed
Taxpayers are already making noise about delayed tax refunds in 2017 - and tax season just opened. However, not all of the information that is being shared about the delay is correct. Here's what you...
View ArticleTax Refund Chart Can Help You Guess When You’ll Receive Your Money In 2018
Looking for your tax refund? Here's a chart of projected refund dates, along with information that you need to know about your tax refund. The post Tax Refund Chart Can Help You Guess When You’ll...
View ArticleIRS: Delayed Tax Refunds Should Be Arriving Soon
The Internal Revenue Service (IRS) has announced that tax refunds for taxpayers who claimed the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) should begin arriving in bank...
View ArticleTaxes From A To Z (2019): E Is For Earned Income Tax Credit (EITC)
It’s my annual “Taxes from A to Z” series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss under...
View ArticleGovernment Settles With Liberty Tax
The Justice Department has announced a settlement with Franchise Group Intermediate L 1 LLC, (Liberty), the national franchisor and owner of Liberty Tax Service stores. The settlement, if approved by...
View Article8 Things That Aren’t True About The Earned Income Tax Credit (EITC)
We’ve made it through the first week of the tax filing season! With some tax returns are already on the way for processing, the Internal Revenue Service (IRS) is reminding taxpayers not to forget about...
View ArticleMultimillion-Dollar Tax Fraud Scheme Used Info Stolen From Kids (You Won't...
Remember that “13 Investigates: IRS tax loophole” video that went viral? This one? People went nuts about this supposed loophole that allowed tax credits for The post Multimillion-Dollar Tax Fraud...
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