The Department of the Treasury has announced that taxpayers who used incorrect information provided on an erroneous Form 1095-A won't be liable for the corrected amounts, and won't have to file an amended tax return. That should let close to a million taxpayers breathe a little easier.read more
As you work day in and day out, it’s nice to know that you’ll have a little bit stashed away for your future, when you spend your days playing golf or doing just whatever strikes your fancy. But don’t think those dreams are going to happen by themselves.read more
Does that look mean you haven’t filed our income taxes yet?
If the answer is yes, take a deep breath, grab another cup of coffee and have a seat on the couch. Relax. We’ve got you covered.
While the amount of time left before the income tax deadline is dwindling, there’s still plenty of time to e-file. It just takes a wee bit of planning and, of course, e-filing on 1040.com.read more
The decision whether to itemize deductions or not has become a little easier to make this year - unfortunately, not for the reason we’d like. Medical expenses now have to total more than 10 percent of the taxpayer’s income before they can be itemized, putting that deduction out of reach on many returns.read more