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Nov 28, 2012What States Have No State Income Tax?
If you live or work in one of these seven states you may not have to file a return. In most states, you have to file a state income tax return AND a federal income tax return. But in seven states you don’t have to file a state return because they don’t have an income tax: […]
adminNov 26, 2012Deadline for Filing Extended Tax Return
If you requested a tax extension, you must file your return by the October deadline. After this date e-file shuts down and you may be charged late filing penalties. If you requested an extension during tax season – which you would have done using Form 4868 [Application for Automatic Extension of Time to File U.S. […]
adminNov 19, 2012IRS Prior Income Tax Tables
These income tax charts will help you figure out how much you owe for prior year taxes Did you forget about taxes on year? Or maybe for a couple years? Not a problem. On PriorTax you can take care of any tax return you missed from 2005 to the current year. With tax season just […]
adminNov 12, 20122012 Federal Income Tax Rates
It will help to know these 2012 income tax rates as you prepare your return. The 2013 tax season is right around the corner. After the mad rush of the holidays it will be time for all of us to sit down and take a long hard look at our finances for the year 2012. Acquainting […]
adminNov 7, 2012Hurricane Sandy Tax Relief
Dealing with Hurricane Sandy’s destruction is a little easier with these tax breaks from the IRS No amount of help will make recovering from the damage Hurricane Sandy inflicted on the Northeast easy, but tax breaks could help ease the pain. Thankfully, the IRS has taken many measures to provide tax relief to Hurricane Sandy […]
adminOct 24, 2012How Do You Deduct Student Loan Interest?
The student loan interest deduction could result in fewer taxes, but you have to meet the requirements All of you beleaguered underemployed college grads will be relieved to know that you can deduct student loan interest on your taxes. But, in order to do so, you must qualify according to all the rules and regulations […]
adminOct 17, 2012April 15, 2013 Is the Last Chance to Get a 2009 Tax Refund
2013 was the last year to get a refund for your 2009 tax return! You always have three years after the original due date of a late tax return to file it and get a refund, completely free of penalties. That means to get a refund from the 2009 tax year you have to be sure […]
adminOct 10, 2012How Far Has the State Gone Back for Failure to File Taxes?
The IRS has ten years to collect your money, but you’ve only got three years to claim your refund In a sentence, here are the important statutes of limitations to keep in mind when you file late taxes: the IRS has three years to give you a refund, three years to audit your return, and […]
adminSep 27, 2012Schedule M of Form 1040
Attach the Schedule M form to your 2009 or 2010 tax return to claim the Making Work Pay credit You need to fill out Schedule M if you want to claim the Making Work Pay credit for 2009 or 2010. The Making Work Pay credit was a special provision of the American Recovery and Reinvestment […]
adminSep 20, 2012Deducting State Sales Tax
The state sales tax deduction was extended in 2010, but may not be available for 2012 One of the many deductions built into our tax code is the ability to deduct state and local income taxes. Some states, however, don’t have an income tax. They fill their coffers with a large sales tax instead. To […]
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