Six Tips on a Tax Credit for Retirement Savings
If you make eligible contributions to an employer-sponsored retirement plan or to an individual retirement arrangement, you may be eligible for a tax credit, depending on your age and income.Here are six things the IRS [...]
Education Tax Credits Help Pay Higher Education Costs
Two federal tax credits may help you offset the costs of higher education for yourself or your dependents. These are the American Opportunity Credit and the Lifetime Learning Credit.To qualify for either credit, you must [...]
IRS Has $1 Billion for People Who Have Not Filed a 2008 Income Tax Return
Refunds totaling more than $1 billion may be waiting for one million people who did not file a federal income tax return for 2008. However, to collect the money, a return for 2008 must be [...]
Four Things to Know About Bartering
In today’s economy, small business owners sometimes save money through bartering to get products or services they need. The IRS wants to remind small business owners that the fair market value of property or services [...]
Dirty Dozen Tax Scams
The Internal Revenue Service has issued its annual “Dirty Dozen” tax scams list, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to [...]