Money News Today That Matters Tomorrow
[Updated for 2016-17 Tax Season] – Even if you don’t have enough money to pay your entire tax bill when due this tax season you must take action. Inside your head, you scream, “I need more time!” But before you stress out realize that the IRS offers a 6-month …
When it comes to taxes here are some frequently asked questions and answers that come up during or after tax season. Hopefully some of these responses will help you address your tax related question. As always, for more complicated matters please consult a tax professional. I’ve …
The title of this article was based on the following email I received a couple of weeks ago. It’s a topic that a number of people can relate to around tax time, so I also published my answer below. “Last year my wife was pregnant and …
[Updated- 2012 Payroll Tax Credit Holiday, Unemployment Benefits and Medicare Doctor Payments Extended to Dec 31st] With House Republican support Congress has passed legislation extending the federal payroll tax holiday through the end of the year without demanding spending cuts to pay for it. This …
[Update – No New Taxes with Tax Extensions Approved] President Obama has now signed into law a bill that covers a temporary extension of all the bush-era tax cuts. The new bill also contains extensions to some of the 2008 stimulus tax breaks, and even …
Below are the EITC tables for the past few years. These are adjusted annually in line with inflation and other government mandates. The EITC supplements the wages of low income workers, and especially working mothers, lifting more children out of poverty than any other single …