April’s approaching. Are you ready to get going on your taxes? Here’s a rundown of seven tax tasks to take care of this month.
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As you enter retirement, probably the largest and most daunting expense you encounter will be taxes. And we’re talking not just of a benign single item of expense, but quite possibly many different kinds of levies. Each one of our 50 states can enact and enforce state and local taxes by the dozen, as well Continue reading Taxes are Major Money Issue for Retirees The good news is there’s some temporary relief from federal income taxes on unemployment benefits: You don’t owe any on the first $2,400 of benefits in 2009, thanks to a temporary provision in the stimulus bill, otherwise known as the American Recovery and Reinvestment Act of 2009. But that’s about where the good news for Continue reading Break on Unemployment Taxes Doesn’t Go Far – A Little Good News for the Unemployed The Obama administration’s plans to raise taxes and cut spending will likely hurt the still-fragile economic recovery. But it could also help strengthen the U.S. dollar, writes Simon Constable. From the expiring estate tax in 2010 to the various Obama administration proposals, including a bigger child-care tax credit and small-business breaks, there’s no shortage of tax-related headlines these days. But none of that is going to help when you do your 2009 taxes. From the expiring estate tax in 2010 to the various Obama administration proposals, including a bigger child-care tax credit and small-business breaks, there’s no shortage of tax-related headlines these days. But none of that is going to help when you do your 2009 taxes. How often do you see real passion when it comes to tax preparation? Meet Dr. Edward Kane, of Venice, Fla. The IRS plans to require tax preparers to pass a test and register with the government to better police a largely unregulated industry used by most taxpayers. |
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