Honeymooners: Income Tax
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Pressured by Congress to collect more money, the Internal Revenue Service has been busy boosting its audits, particularly among high-income earners. It’s forcing taxpayers to be increasingly vigilant in order to avoid waving red flags in front of the tax man. This year some new tax twists are giving the IRS fresh targets, and the […]
Two Jobs? Watch Your social security
Moonlighters, pay attention: In this week’s tax Tip, Tom Herman helps people with multiple jobs avoid paying too much social security tax. If you worked for two or more employers last year, you may have had too much withheld from your pay. If so, make sure you don’t forget to get back the excess amount. […]
Don’t Cheat Yourself
Last-minute changes in the law are helping to make an already difficult tax season one of the trickiest in recent memory, writes Tom Herman in today’s tax Report. Accountants and lawyers warn it’s especially easy this year for many people to miss key deductions and overpay their taxes. One reason: Congress didn’t act until December to […]
Dealing With tax Day’s Ugly Problems
This could — in fact, it should — be so much easier, writes Ron Lieber in his Green Thumb column. That’s the unofficial refrain of tax time, the season of wringing of hands, tearing of hair and crossing of fingers. It’s also a season of complicated questions, ones that your tax professional may have as much trouble […]
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