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How to File an Amended Tax Return

by Miranda Marquit April 8, 2011

You might have found, when going back through your tax return, that there are some mistakes. Maybe you didn’t take a credit you were entitled to. Sometimes, filers report the wrong filing status. No matter the reason, a mistake on your tax return usually means that you will need to file an amended tax return. [...]

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Understanding the Home Mortgage Interest Deduction, Part Two

by Laura Adams April 5, 2011

In my last article, Understanding the Home Mortgage Interest Deduction, Part One, I gave you an introduction to the mortgage interest tax deduction and told you what’s required to claim it. You learned about the two major hurdles you have to jump over to qualify for it: You must have secured debt on a qualified [...]

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Understanding the Home Mortgage Interest Deduction, Part One

by Laura Adams March 30, 2011

As host of the Money Girl podcast, I get lots of email questions from listeners. Since the beginning of the year I’ve received a steady stream of questions about claiming the Home Mortgage Interest Tax Deduction. If you’re not familiar with this deduction, it’s a big benefit for homeowners because it allows you to deduct [...]

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Options for Paying Your Taxes

by Miranda Marquit March 25, 2011

It’s tax time, and that means that you are probably getting your paperwork together, and preparing to pay what you owe. Even though there are many households who don’t pay federal taxes, and you might be one of them, you might find that you have to pay state taxes. If you already have your taxes [...]

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7 Simple Tips to Legally Pay Less Tax

by Laura Adams February 28, 2011

No one wants to pay more income tax than they have to. The best way to make sure you don’t overpay the IRS is to stay on top of all the tax deductions and credits that you’re eligible for. If your income was down in 2010, you got married, or had a child, you may [...]

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How to Organize Your Tax Documents

by February 19, 2011

Tax season is officially upon us. By now, you have probably already begun receiving your W-2s, 1099′s or other tax documents in the mail. That means there is no better time to get started with your organization to make filing your taxes a little easier this year. I’m going to walk you through the process [...]

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Will Your Tax Return Be Flagged for an Audit?

by Miranda Marquit January 21, 2011

One of the things our society fears most is the tax audit. Almost no one thinks that a tax audit would be fun. The good news is that the IRS only audits a little more than 1% of tax returns each year. Some of the audits are purely random — luck of the draw. There [...]

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