When you sell an investment for more than you bought it for, the government wants a cut of the gains. You are required to pay capital gains taxes on your increased earnings when you realize them. ... Read More about How Do Capital Gains Taxes Work, Exactly?
With tax day behind you it can be easy to forget about all of that paperwork until next year. You can't just stuff the tax return in a drawer for the rest of time because you'll eventually run out of ... Read More about How Long to Keep Tax Records
It's only been a few weeks since many people rushed to file their taxes before the tax deadline in April. Were you surprised this year at how much you got back from the government? Or did you end up ... Read More about Form W-4 – How to Adjust Your Income Tax Withholding on Your Paycheck
There is a new 1099 form in town. Many of us are already familiar with the 1099-MISC, especially if we work from home as contractors. The 1099 is meant for income that comes, in a fairly regular way, ... Read More about Are You Ready for the New 1099-K?
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 ... Read More about An Explanation of the Flat Tax Proposals
When sharing advice about money and investing, many people recommend owning gold. “It’s never been worthless,” they’ll say, along with, “They’re not making more of it.” They’re right, of course, ... Read More about Investing in Gold? Know the Tax Implications
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 ... Read More about Money-Saving Home Office Tax Deductions
According to the IRS's most recent notice, 5 million people were expected to file an amended tax return for 2014, out of 131 million original filings. For 2016, the IRS received over 151 million ... Read More about How to File an Amended Tax Return – Does the IRS Owe You Money?
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 ... Read More about Home Mortgage Interest Deduction Guide – Who Can Claim Home Mortgage Interest Deduction?
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 ... Read More about Options for Paying Your Taxes – What to Do When You Can’t Pay Your Taxes