Taxes February 12, 2026
Senate Votes to Overturn D.C. Tax Decoupling, as Locals Push Back
The Senate passed a joint resolution on Thursday blocking changes to the District of Columbia’s tax code, which will now head to President Donald Trump’s desk.
April 15, 2015
For Taxpayers Who Missed the April 15 Deadline, Here’s What To Do
So, what can a taxpayer do if they didn't file in time, but they also don't want to keep their head buried in the sand? For most Americans who are owed a tax refund by the IRS, there's no need to panic. The tax agency doesn't assess penalties when a ...
April 15, 2015
Hey Millennials: What Are You Doing With Your Tax Refund?
Millennials are about to get millions of dollars from the IRS. What they plan on doing with it may tell us whether they will be the frugal types they are sometimes credited with, or will follow in the free-spending footsteps of the generation before them.
April 14, 2015
Can’t Pay Your Taxes? Expert Offers Tips on What to Do
With only a few hours to go before the April 15 deadline to file income tax returns, some who got a late start or need more time may contemplate filing a six-month extension.
April 14, 2015
Split Decision on IRAs: Pub 590-B Covers Distribution Rules
The new Pub. 590-B applies to 2014 tax returns filed in 2015. Two aspects that have often befuddled taxpayers in the past are the RMD rules for Roth IRAs and the options available when inheriting traditional IRAs.
April 14, 2015
4 Tax Saving Carry-Overs from 2014 Income Tax Returns
Usually, a transaction that occurs during the tax year is reflected on the tax return for that particular year. For instance, if you realize a capital loss on the sale of stock in 2015, the loss offsets tax liability on your 2015 return.
April 14, 2015
President Obama’s Income Tax Return Shows Drop in Earnings
In his sixth year in office, President Obama’s taxable income has continued to decline, according to his 2014 tax return.
April 14, 2015
Psst: You Don’t Have to File Your Taxes By April 15
April 15 is ingrained, implanted permanently in most Americans' minds as the deadline for filing annual income taxes with the Internal Revenue Service. But what if I told you that you don't really have to file your form 1040 by April 15?
April 9, 2015
The Paycheck is Greener on the Other Side: Good Employees Increasingly Quitting for Higher Pay
The U.S. Bureau of Labor Statistics recently reported 2.7 million people quit their jobs in February, up by nearly a quarter million year over year, and separate research suggests below-market compensation could be one of the causes of continuing turnover. In a new survey from global staffing firm Robert Half, one in four (25 percent)...…
April 9, 2015
IRS Splits Pub. 590 on IRAs: Here’s the Skinny on 590-A
Generally, your deduction for an IRA contribution is phased out if you are an active participant in an employer-sponsored retirement plan (or your spouse is an active participant, if married) and your modified adjusted gross income (MAGI) exceeds an ...
April 6, 2015
In Washington State, Retail Marijuana Outlets Slow to Open
The state is willing to provide a license for any of the lottery winners who meet the state's requirements. It has done so for 131 stores in 28 counties, including at least one retailer in every jurisdiction with an applicant and no moratorium.
April 6, 2015
IRS Chief to Ted Cruz: Agency Won’t Simply Go Away
During the announcement of his candidacy for president last month, Cruz kicked off another controversy by advocating the elimination of the IRS. He said that the U.S. could impose a “simple flat tax that lets every American fill out his or her taxes ...
April 6, 2015
IRS Offers Tips for Last Minute Income Tax Filers
For these procrastinators, the rush is on. The IRS is offering reminders for these last-minute income tax filers.