General

Payroll Tax Cut to Boost Take-Home Pay for Most Workers; New Withholding Details Now Available on IRS.gov

The Internal Revenue Service today released instructions to help employers implement the 2011 cut in payroll taxes, along with new income-tax withholding [...]

Congress Sends Tax Cut Extension Bill to President

The House of Representatives on Thursday by a vote of 277–148 passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, [...]

Should You Use The Standard or Itemized Deduction on Your Taxes?

Ah, the classic question.  Should I use the standard deduction or itemize?  The answer is simple of course: you should use whichever deduction is greater, [...]

Credit Reports: What You Should Know

How do lenders determine who is approved for a credit card, mortgage, or car loan? Why are some individuals flooded with credit card offers while others get [...]

Deducting Your Home Office

If you use a portion of your home for business purposes, you may be able to take a home office deduction whether you are self-employed or an employee. Expenses [...]

Cut Taxes on the Sale of Your Home

Despite the slumping real estate market, houses are still being sold and there is money to be made. Sellers need to take a close look at the exclusion rules [...]

Timing Mistakes That Cost Thousands of Dollars

Sometimes we need to talk here about costly taxpayer mistakes that could have been avoided with professional consultation. Take the recent case of a securities [...]

Haven’t Filed an Income Tax Return? What to Do

Filing a past due return may not be as difficult as you think. Taxpayers should file all tax returns that are due, regardless of whether or not full payment [...]

Living Trusts 101

A trust, like a corporation, is an entity that exists only on paper but is legally capable of owning property. A flesh and blood person, however, must actually [...]

Fewer than half of large companies

June 14, 2010 –A growing number of employers have added an automatic enrollment feature to their 401(k) plans in the past few years. AARP commissioned a [...]