As featured in The Wall Street Journal, Money Magazine, and more!


The Alternative Minimum Tax (AMT)

by Luke Landes

When Congress and the President extended the Bush-era tax cuts, taxpayers subject to the Alternative Minimum Tax (AMT) received a break. As Leigh Mutert, CPA discussed in our recent podcast interview, this is something middle class taxpayers need to know about now, because it effects the 2010 income returns that are being filed from now […]

6 comments Read the full article →

2011 Federal Income Tax Brackets and Marginal Rates

by Luke Landes
Income tax

Latest information: 2012 tax brackets and rates 2013 tax brackets and rates The extended deadline is here for filing your 2010 income tax return. Since the Bush era tax cuts were extended, the income you’ve earned in the United States this year is subject to the same low rates as last year, but the margins […]

26 comments Read the full article →

No More H&R Block Tax Refund Anticipation Loans

by Luke Landes

One of the most popular services available surrounding tax season is also one of the most expensive. Refund anticipation loans (RALs) are great products from a lender’s point of view; they are low risk and they are expensive. From a customer’s point of view, they provide a means to get cash when a household files […]

82 comments Read the full article →

20 Ways to Use the Payroll Tax Holiday

by Luke Landes

When Congress passed the Tax Hike Prevention Act earlier this year, it included an economic stimulus in the form of a payroll tax holiday. As Leigh Mutert, CPA explained in our podcast interview, the payroll tax will be reduced in 2011 from 6.2 percent to 4.2 percent. As a result, paychecks will be a little more than […]

15 comments Read the full article →

Congress Passes Tax Hike Prevention Act

by Luke Landes

There seems to be more than enough in the new tax cut bill, which will soon become a law, to keep every income level happy. The Tax Hike Prevention Act of 2010 extends the tax cuts first implemented during President Bush’s tenure and adds more benefits for everyone. For another two years, the marginal income […]

10 comments Read the full article →

Making Work Pay Credit Extension

by Luke Landes

The 2009 economic stimulus came to the middle class in the form of the Making Work Pay credit, which provided a $400 credit for single taxpayers or a $800 credit for married taxpayers filing jointly across two years. The credit was embedded in W-2 paychecks, hardly noticeable to many. The credit was also designed to […]

8 comments Read the full article →

Patriotic Millionaires for Fiscal Strength

by Luke Landes

A group of millionaires — the definition of which is any individual with an annual income of over $1,000,000, not a net worth of $1,000,000 — has assembled to let the government know that they’d like the tax cuts for that income level expire, in patriotic duty to the fiscal solvency of the United States. […]

51 comments Read the full article →

S-Corporation Designation

by Luke Landes

Last year, I mentioned my accountant saved me $15,000 by re-classifying my self-employment income from a limited liability corporation (LLC) to an S-corporation. I glossed over the process; in fact, getting to the $15,000 in tax savings was a bit more complicated than simply filing as an S-corporation. I could likely have saved even more […]

10 comments Read the full article →

Where Your Federal Tax Money Goes

by Luke Landes

Thanks to an organization called Third Way, American taxpayers can get a good, detailed look at how much of a typical tax bill is destined for any particular government program. Third Way is a progressive think-tank, and they studied the federal budget to provide an itemized tax receipt for the typical taxpayer. Here is their […]

16 comments Read the full article →

I’m Tired of This IRS Installment Agreement

by Smithee

Now that I’ve finally gotten my credit card balances down to zero, I’ve been trying to figure out the best use of the extra money I’ll have in my checking account. Options include: make extra car payments, put it in a savings account, put it in a mutual fund, make extra house payments, make impulse […]

7 comments Read the full article →
Page 6 of 14« First···45678···Last »