The White House says President Barack Obama and Michelle Obama paid just over $98,000 in taxes on income of nearly half a million dollars last year.
Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.
According to the IRS, 20 to 25 percent of Americans wait until the last two weeks before the deadline to file their taxes. If tax time snuck up on you this year, here are a few tips to help you file.
Get a jump-start on next year’s taxes by setting up a filing system now. You can use a folder system where you label the each folders according to your needs.
Caterpillar Inc. executives defended a tax strategy Tuesday that has saved the manufacturing giant billions in U.S. taxes. They got support from Republican senators, including one who said the company deserves an award.
Most of us fall into one of three categories; we keep too much of the paper that comes into our homes or there those that try to throw out everything. And of course those that fall in between.
What is your largest asset? It’s your ability to earn a living!
What may trigger an audit from your tax filing?
College can be is very expensive, luckily Congress and the IRS have given us ways to offset education costs.
Even during challenging times, a small business with a sound strategy can obtain a loan.