For many years, I prepared and filed my own taxes. I've only been paying someone else to take care of my taxes since tax year 2007. In many cases, there is no reason to pay someone else to handle your taxes if the situation is relatively simple and you can handle the paperwork on your own.
While environmentalists and others probably applaud the increasing numbers of hybrid and electric vehicles on the roads, some states are finding a new problem with these types of cars: falling revenue.
It’s become an annual ritual for Congress: At the end of the year, lawmakers wrangle over which tax breaks to make permanent, which to renew, and which to let expire. Very rarely do tax breaks become permanent; instead, much time is devoted to arguing over which tax breaks are worth keeping, and which should be allowed to come to an end.
One of the issues acknowledged when it comes to low- and moderate-income workers is the fact that it can be difficult to set aside money for the future. In order to help encourage workers to set aside money for retirement, the government offers a saver’s tax credit.
One of the more interesting things to follow is to see what people are willing to pay for through taxes.
It’s a busy time of year for the IRS. This is usually when the IRS releases information about tax brackets, as well as changes to retirement account contributions, as well as what constitutes the standard deduction.
Many people think that taxes comprise their federal income taxes and state taxes. Others remember that they pay sales taxes as well. However, the vast majority of consumers probably don’t think about the other taxes that they are paying on a regular basis. Among those taxes are those charged as part of your wireless bill.
There’s a lot of debate going on right now with regard to taxes. We often think of Americans as not willing to accept higher taxes, but there are some cases in which Americans -- even conservatives -- are willing to accept higher taxes in some cases. One of those cases is in the area of Social Security.
You probably know that you can get a tax break when you donate to certain causes. You can even donate a stock or other asset to charity and get a tax deduction. However, it’s possible to go beyond just giving an asset and being done. The tax benefits associated with donor-advised funds are allowing them to increase in popularity.
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