Some of us pay hefty taxes throughout the year to get a big refund in April. Others try to pay just enough out of their paychecks to break even at the end of the tax year. How do you know what’s best for you?read more
I don’t know about you, but when people start talking about tax brackets, I feel like I’m playing a game of monkey-in-the-middle with tax lingo.
Enough is enough: It’s time to figure out what this income tax bracket stuff is all about.read more
How many times have you looked at the American income tax process and thought, “Well, heck, I could come up with something better than that!”
Now’s your chance.
The IRS has kicked off what it calls the “Tax Design Challenge,” to come up with “the taxpayer experience of the future.” And to get your little grey cells into overdrive, the Mortgage Bankers Association (MBA) is offering a $10,000 cash prize for the winner. Second place is worth $5,000.read more
In order to receive the EIC, you have to meet certain requirements and file an income tax return – even if you don’t owe any tax or aren’t required to file.read more