Several lesser-known tax credits could help you save even more money. Here are a few you should know about before filing your return.
If you previously took advantage of qualifying transformation and parking fringe benefits, you can use a bit more for 2022
Researchers say the IRS pays close attention to mistakes often made by Black taxpayers.
An IRA can be an important part of a retirement plan
You might be rushing to pull all your tax documents together to file in time. Don't panic. Here a few useful tips to help make filing your tax return a smooth process.
If you paid a hefty sales tax on a big-ticket item like an engagement ring or a motorcycle, you could write this off.
The income received from unemployment benefits is not considered earned income but is considered taxable income.
Join MN Biz and financial expert Lynn Richardson next Thursday at 7pm ET for our next Twitter chat! Details (and a little advice for tax season) here.
(Smart Money) — It’s now pretty clear the economy won’t be returning to good health this year. Until further notice, next year doesn’t look so hot either. So let’s revisit some tax-saving opportunities that are especially relevant between now and when the gloom lifts. I’ve covered all these before, but now they’re cataloged in one place […]
(Smart Money) — For the 2009 tax year, an estimated 47% of U.S. households did not pay any federal income tax. The percentage was a bit higher than normal due to the lousy economy and some allegedly temporary tax breaks that may not be renewed. The long-term percentage of non-taxpaying households is apparently around 40%. This […]