With the federal government in America practically hemorrhaging money, many people are looking towards closing tax breaks and loopholes to save the country money. The EIC is one of them.
Are property taxes constitutional? Here is a good argument why they are not and should be abolished.
The IRS may not have a sense of humor, but they have dealt with some funny, weird and surprising tax deductions. See which ones were denied and which surprising deductions were allowed by the IRS.
Quick and easy instructions for obtaining your Tax Identification Number online, using the Bureau of Internal Revenue's online application.
If you're working online in affiliate marketing, then you need to make sure you understand what your tax liabilities are. Tax is quite straight forward and hopefully below will give you a brief overview of what you need...
Most people know that tax brackets exist, but what does it actually mean that you are in this or that tax bracket? It means a lot and it means more than just how much tax you will be paying.
Did you know that your clothing donations can lead to a tax deduction? Here's how to get rid of un-used clothing *and* save some money.
Some see taxation as “what we pay for civilized society” while others see it as a necessary evil and still others, like libertarians, see it for what it is; theft.
As part of the austerity budget, the UK Government has announced a 2½% VAT increase, from 17½% to 20%. At first sight, this doesn't seem too bad. But what does an extra 2½% VAT translate to at the point of sale?
Don't let old furniture sit around and collect dust- donate it! You will be surprised to find how easy it is to donate furniture- many organizations pick it up for you, plus you can enjoy a nice tax deduction.