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What are you going to do with your raise this year?  “Raise?  I didn’t get a raise,” you say.  You probably did if you receive a paycheck. You’re getting 2% more with every check in 2011 than you did the last check of 2010. The pay raise isn’t from your employer, but from the government.  Late last year tax relief legislation was signed, and part of it slashed Social Security taxes from… Read More

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It looks like the IRS needs a little more loving this year, as well as your money.  The agency has announced that Valentine’s Day will be the first day it’ll accept all itemized tax returns. The IRS needed more time to program its processing systems because Congress acted so late this year in cleaning up the tax code. Millions of early filers may have to wait a little longer this year, but… Read More

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It’s tax time, and if you’re not doing your own taxes, you’re paying someone else to do it. An estimated 84 million taxpayers will choose to use a paid tax preparer this tax season.  Here are some IRS tips to choose carefully:

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The Internal Revenue Service announced today that the tax deadline this year is April 18, not the usual April 15.  I don’t know if that’s good or bad.  More on why later. First, why the extra three days?

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Can’t wait to file your tax return to get that refund?  You might have to this year.  At least a few weeks longer. The IRS says taxpayers who itemize on their federal tax returns will have to wait until at least mid-February to file.  For many early filers that means that refund check will be a little later in coming. The delay is because

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Everywhere you look, someone has advice on how you should spend your tax refund.  “Google” it, and you’ll find “3 Green Ways”, “7 Smart Ways”, and “10 Tax Friendly Ways”.   You’ll also comes across “productive”, “fun” and “frivolous” ways.  You get the idea. This year you may have more money to spend.  The White House recently announced that average tax refunds are up almost 10%.  The IRS says the average refund… Read More

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