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An Explanation of the Flat Tax Proposals

by Emily Guy Birken November 8, 2011

I am old enough to remember Steve Forbes’s failed bids for the presidency back in 1996 and 2000, and young enough to have thought that his flat tax plan (which was the cornerstone of his campaign) was a startling new idea. Seeing new incarnations of the flat tax every four years as the race the [...]

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Open These Accounts Now to Reduce Your Tax Liability

by Miranda Marquit October 21, 2011

Now that the year is almost spent, many people are trying to figure out what they can do to reduce their tax liability. Now is a good time to prepare your finances for the end of the year, and try to figure out the best way to reduce what you owe. One way to do [...]

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Money-Saving Home Office Tax Deductions

by Laura Adams September 27, 2011

As more people enjoy the benefits of working from home on either a full- or part-time basis, it’s important to understand what money-saving tax deductions are available. Keep reading and we’ll cover who can claim a home office, the basic requirements, and which expenses are deductible. Who Can Claim a Home Office? No matter if [...]

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Looking for Work? Tax Breaks You can Take

by Miranda Marquit September 12, 2011

It’s a tough job market out there. Unemployment claims keep rising, and there are concerns that many companies just aren’t hiring. (This economy has seen the rise of temporary jobs and freelance jobs, but many people are still looking for regular work). You probably know that you have to pay taxes on unemployment income. It’s [...]

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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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