In June of 2015, same sex couples were granted the right to marry by the Supreme Court of the United States. This historic moment comes complete with a lot of questions about taxes. Previously, same sex couples paid separate federal income taxes. Some same sex married partners were able to pay their
Reasons Your Tax Bill is Not as Bad as You Think
Supposedly, death and taxes are two things that no one can escape. While the saying may be true, tax bills are often less financially damaging than you may think. Here are some reasons your tax bill is actually not that bad. Most Other Developed Countries Pay More In a large number of European
Things That Could Happen If You Don’t File Taxes
Getting in trouble for doing taxes is not something that only happens to the celebrities. If you don’t file your taxes some pretty terrible things could happen. Today, we are sharing with you exactly what could happen to you when you do not file your taxes to Uncle Sam. Pay a Penalty Not filing
What to Do If You Miss the Tax Deadline
Whenever possible it is recommended that you file and pay your taxes by the deadline. However, if you are unable to meet the deadline, there are some things to do and today we are sharing what they are. Request a Deadline Extension As soon as you know, you are going to miss the tax deadline file
What to Do About Missing W-2s
If you are an employee, before you are able to file your taxes you have to have your W-2. The IRS requires employers to send out this form by January 31. However, what do you do if your W-2 never arrives? Today, we will be discussing the solution. Contact Payroll If your W-2 has not arrived and
The Most Overlooked Tax Credits
Tax credits are very beneficial to taxpayers because they can help you cover family expenses. Today, we are discussing the most overlooked tax credits. Educators' Credits There are a few educators’ credits available to help parents and students pay for post-secondary education. We all know that
Benefits of the Child Tax Credit
If you have children, it is beneficial for you to see if you are eligible for the child tax credit. Today, we are going to be discussing some of the benefits that come along with the child tax credit. Reduces Your Tax Liability If you are eligible to receive the child tax credit, you can lower
5 Surprising Things That Are Taxable
Many people think that they know everything that they have to pay taxes on. However, today we are here to show you five surprising things that are taxable that you were more than likely unaware of. Buried Treasure – Let us say you find some gold coins or you purchase something from a thrift store