Tag: taxes

Many Taxpayers Surprised by Smaller Refunds

Sticker shock in the retail industry is not uncommon. But many taxpayers, this year, have been getting somewhat of a sticker shock when it comes to their tax refunds. That’s because so far this tax season, refunds have been down. Way

Tagged with: , ,

Why You Shouldn’t Be Planning on a Big Refund

Most people love tax time for one thing: a big refund. Of course, there’s not much else to love about it. But things are a little different this year. Those big tax refunds people are used to getting are not showing up. So far,

Tagged with: , ,

Is Your Large Tax Refund a Good Thing?

What’s the best part of tax season? When it ends, right? Well, for many taxpayers that might be the answer. But for millions, the fact that they get a large refund is probably what comes to mind. A big tax refund might seem like

Tagged with: , ,

Top Tax Planning Tips for Self-Employed

People who work for themselves enjoy several perks and benefits. However, a nice tax break is not necessarily one of those perks. Because self-employed taxpayers have to pay their own payroll tax – the entire 15.3 percent Social Security and Medicare tax – they often get

Tagged with: , ,

New Tax Reform Could Change How Dependents Affect Your Taxes

For years, taxpayers have enjoyed a certain number of personal exemptions at tax time. If nothing else they could count themselves. If you were married and dependent children then the number of exemptions just kept going up. But now things

Tagged with: , ,

Are Taxes the Biggest Threat to Your Inheritance?

When a family member passes away there is always a lot to consider. Besides all the funeral arrangements, his or her estate has to be dealt with. That is often where things get messy. Taxes are always an issue when

Tagged with: , ,

How to Avoid Capital Gains Taxes

For many of the nation’s high net worth individuals, much of their wealth comes from capital gains. Capital gains are better than income because they are taxed at a much lower percentage than other income. While capital gains taxes could

Tagged with: , ,

When Should You Receive Your Tax Refund?

The top question on everyone’s mind at tax season is when will get my refund? After all, that’s the only incentive people really have to do their taxes. The problem is the answer is never set in stone. Despite claims

Tagged with: , ,

First Half of Current Fiscal Year a Record-Breaker for U.S. Treasury

It’s been another record year for the federal government so far, which is in the midst of its current fiscal year. At the end of March, when the government reached its halfway point of the 2016 fiscal year, it had

Tagged with: ,

Is Tesla Dodging Taxes in Denmark?

Another day, and another report of a large company trying to avoid paying taxes somewhere in the world, has hit the news media. This time around it’s Tesla Motors Inc. that is facing accusations of tax dodging in Denmark. The

Tagged with: ,
Top