Bunching Tax Deductions to Meet the Threshold for Itemizing
If you don't meet the threshold for itemizing, consider these strategies for timing expenses to increase your deductions.
Tax Tips for the Newly Married
Follow these simple steps to avoid problems at tax time.
Tax Tips for Workers Who Earn Tips
Find out what constitutes a tip and your reporting and recording obligations for tips.
Tax Tips for the Unemployed
Here are some tax tips you'll want to know if you're unemployed.
Using the Dependency Exemption For a Non-Relative
Almost anyone who lives with you and you support, and who is not someone else’s dependent, can be a “qualifying relative” and qualify as your dependent.
Wealthy Couples Can Save on Taxes If They Divorce
Extremely wealth married couples with roughly equal incomes pay more in taxes than they would if they were single.
The New Tax Law Contains a Marriage Penalty
Learn about the two marriage penalties contained in the new tax law.
Is Unemployment Insurance Taxable Income?
This may come as a surprise to many, but unemployment benefits generally are taxable.
Are Disability Pensions and Benefits Taxable Income?
Not always, but many disability-related payments are taxable income.
Calculating Your Tax Withholding
What employees need to know to determine their withholding allowances on their W-4.
Taxes When You Sell Things Online
Find out what your tax reporting obligations are if you sell something online.
Are Merit Awards Taxable?
Usually, yes-- although there are ways to avoid owing taxes by giving the money away.
How to Avoid Estimated Tax Penalties
Learn what estimated tax penalties are and how to avoid them.
Bitcoins and Tax Liability
Will you owe income tax on profits earned from Bitcoins -- the online digital currency? Yes; learn when and why.
Payments Received for Donating Human Eggs Is Taxable Income
Court decides that payments egg donors receive are for the egg donors’ personal services and are fully taxable income.
Taxes When You Hire a Nanny
Make sure you understand the payroll tax rules if you hire a nanny.
Independent Contractors Must Pay Self-Employment Taxes
If you have a second job as an independent contractor, you'll have to pay self-employment taxes on the income you receive.
Understanding the Alternative Minimum Tax
More and more people each year are subject to the AMT: Know the rules.
How a Resident Alien Is Taxed
Just because you're not a U.S. citizen doesn't mean you don't owe taxes to the IRS. Whether or not you owe taxes depends on how much time you spend in the U.S.
IRS Reporting Rules for Foreign Bank Accounts (FBAR)
Don't miss the annual FBAR deadline for reporting foreign bank accounts--the penalties can be severe.
Are Tax Preperation Services Any Good?
Whether you hire a CPA, enrolled agent, large commercial tax preparer, or self-employed tax preparer, it's up to you to make sure your return is prepared properly.
IRS Direct Pay System For Online Payments
The IRS's new online payment system makes it easier than ever to pay your taxes.
The IRS Direct Deposit Tax Refund Option
Can I Pay My Taxes With a Credit Card?
Paying by credit card may be convenient but learn why it's generally not a good idea.
If I Live Overseas Am I Still Required to File a Tax Return With the IRS?
Whether you're a green card holder or an expat citizen, the mere fact that you reside overseas does not mean that you are not responsible for filing a tax return and paying U.S. tax.