Taxes
Featured

After the first time trying to prepare and file personal taxes, most Americans learn the same lesson: The American tax system is complex and difficult to understand. Many people also feel that corporations, wealthy individuals and families, and special interest groups have unfair access to loopholes and exemptions that help them avoid paying their "fair share." One system that has gained a

If your kid discovered the joys of capitalism this year, raking in the dough from paper routes or pizza delivery, or receiving stocks or bonds instead of toys for their birthday, they may also get to experience the joy of taxes this April. You may be surprised to find that, as dependents, your children have different rules for when to file taxes, and on what income, than you do. When you pay
Recent Articles in Taxes
8 Common Tax Deductions for Job Search ExpensesMay 3, 2013
Searching for a job can be a frustrating and time-consuming experience - and worse yet, it can be extremely expensive. But if you're tax-savvy, you may be able to recoup some of
How Parents Can Maximize Tax Deductions & Credits for ChildrenMarch 19, 2013
It is that time of the year again: The days you wrestle with old receipts, canceled checks, W-2 forms, 1099s, and monthly statements from your banks, mortgage brokers, and credit
IRS Tax Form 1099-DIV – How Are Dividends Taxed?March 1, 2013
Many investors choose to invest in dividend-bearing stocks, or mutual funds focusing on dividend payers, as part of their portfolio. And those dividends can pay off in a major
Do I Have to File Taxes and How Much Do I Need to Make?March 1, 2013
Filing taxes is nobody's idea of a good time. The process can be lengthy, confusing, financially straining, and even downright intimidating. However, while many people have tons of
Box 12 Codes on Tax Form W-2 ExplainedMarch 1, 2013
Below is the explanation of the Box 12 Codes on the W-2 tax form. A - Any uncollected Social Security tax or RRTA tax on tips. You'll include this amount in your total tax
Standard Deduction vs. Itemized Tax DeductionMarch 1, 2013
One of the biggest breaks the IRS provides is in the form of deductions, which allow you to reduce your taxable income and thereby pay less in taxes. You may be accustomed to
Deducting Health Insurance Premiums & Healthcare Expenses on Your TaxesMarch 1, 2013
The cost of healthcare has been growing much faster than inflation, and will likely continue that trajectory considering the changes implemented by the Patient Protection and
4 Education-Related Tax Deductions and Credits For College Tuition & ExpensesMarch 1, 2013
Unless you were born with a silver spoon in your mouth or the ability to perform a jump shot on par with LeBron James, your or your children's college education is going to cost
State Tax Rates Comparison – Sales, Income & Social Security TaxMarch 1, 2013
The Federal Government taxes everyone's income according to the same scale, but each state has the ability to set different types of taxes on its citizens, including property
How to Calculate Federal Income Tax – Rates Table & Tax BracketsMarch 1, 2013
The United States income tax laws are based on a progressive tax system. Basically, this setup means that you pay a percentage of your income, owing more taxes when you make more
Reviews in Taxes
CompleteTax Review 2011 – Online Tax Filing PrepFebruary 25, 2011
Here at Money Crashers, we provide you with the most up-to-date information regarding all of the choices out there for online tax preparation software. We have recently done
TurboTax Review 2011 – Online Tax Preparation SoftwareFebruary 22, 2011
Owned and operated by software giant Intuit, TurboTax is backed by a solid company history of almost three decades. You'll have no trouble trusting this product. It has a superb
February 22, 2011
TaxACT, which provides affordable tax products to the masses, is owned and operated by 2nd Story Software, a privately-owned company since 1998. According to Hitwise reports,
H&R Block At Home Review 2011 – Online Tax SoftwareFebruary 22, 2011
In business since 1955, H&R Block is the world's largest tax preparation company. In addition to tax services available at their offices, H&R Block At Home offers consumers
Outright Review – The Best Free Small Business Accounting Software OnlineSeptember 13, 2010
The number of online accounting websites out there seems to be increasing by the day. They are popping up all over the place. One that I recently had the chance to take a look at




