An Explanation of the Flat Tax Proposals

Flat Tax Proposals

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 […]

Money-Saving Home Office Tax Deductions

Home Office

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 […]

Looking for Work? Tax Breaks You can Take

Tax deductions for job hunting

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 […]

How to File an Amended Tax Return

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. […]

Understanding the Home Mortgage Interest Deduction, Part Two

time for taxes

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 […]

Understanding the Home Mortgage Interest Deduction, Part One

Home Affordable Refinance Program (HARP)

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 […]