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Tax Changes Coming for 2017

While many taxpayers consider January through April to be tax season, taxes are a year-round endeavor. Make sure you’re up to date on tax changes coming for 2017 to save yourself time and money at filing time. 2017 Tax Brackets and Deductions Low inflation has kept tax bracket adjustments to a minimum for 2017. Individuals […]

Healthcare and Taxes: What You Need to Know

Healthcare and taxes is a confusing subject in the United States, and it has been this way ever since Obamacare came into the picture. American taxpayers are obligated to get insured or face a tax penalty — but that’s just scraping the surface of how health insurance impacts taxes here. It’s a complex subject to […]

Senate Approves More Tax Court Judges

Approval Paves the Way for Hearing More Tax Cases In a rare episode of cooperation and bipartisanship, the United States Senate approved two of President Obama’s nominees for the U.S. Tax Court in early August. The approval shows a unique instance of cooperation by the Senate during President Obama’s administration, as filibustering and preventing up […]

Tax Hikes to Hit Rich Post Fiscal Cliff

Washington Sputters On Big Tax Compromise If there was any time when Washington D.C. politicians were tested to see whether they could make a deal, that time is now. The so-called “Fiscal Cliff” is set to kick in on Jan. 1, 2013. Why is it called the fiscal cliff? Because that’s when the tax cuts […]

Internet Taxes Coming to a Mouse Near You

More States Adopting Online Sales Taxes As a struggling economy tightens state budgets across the country, more state capitols are taxing internet sales to lessen the pinch. Online sales taxes are coming to more and more states, giving online customers a slightly higher bill before clicking the buy button. Virginia passed an online sales tax, […]

Sports Tax Breaks A Favorite of State Capitals

Professional Sports Teams Save Money with Tax Incentives When it comes to professional sports, every city wants a piece of the pie. So cities and states giving tax breaks for big league sports teams to locate and stay within their borders is nothing new. But with anything involving tax dollars, controversy follows. And because tax […]

Golden State Suffers $10 Billion Tax Gap

Californians Stiff Sacramento In the Golden State, things are looking less golden for Sacramento’s bean counters. The chief researcher for California’s tax agency told his supervising board that the state loses out on $10 billion every year at a time when the state is making billions in budget cuts. There are multiple reasons why the […]

Greek Debt Deal Shaves Risk for U.S. Taxpayers

International Credit Crisis Averts Higher Tax Rates After two years of scaring investors on both sides of the Atlantic, the Greek debt crisis is close to being resolved. The country was set to default after living beyond its means since before it adopted the Euro as its currency. After it adopted the Euro, the country’s […]

Go Back to School on Uncle Sam!

Tax Credits Available for Educational Expenses It’s fall, and that usually means that it’s back to school season. If you’re not too cool, then school may be on your horizon. If you’re an adult, there are plenty of reasons to start hitting the books whether it’s your first or second time. You can expand your […]

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