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Income Tax

A collection of news and information related to Income Tax published by this site and its partners.

Top Income Tax Articles

Displaying items 1-11
  • Obama's tax return by the numbers; he made less than last year

    Obama's tax return by the numbers; he made less than last year
    The White House has released President Obama's 2014 federal income tax returns, which show a dip in his earnings. The Obamas reported their lowest income in years, according to the documents made public Friday. The president and First Lady Michelle...
  • About 21,000 high earners paid no federal income tax

    About 21,000 high earners paid no federal income tax
    A new report from the IRS shows that nearly 21,000 American households with incomes of $200,000 and up didn't owe federal income taxes. If you're like me, your first question is: How can that be? Your possible next question: Can I get that kind of tax...
  • 7 ways to save on federal income taxes before Dec. 31

    7 ways to save on federal income taxes before Dec. 31
    Uncle Sam may provide you with some holiday gifts -- tax savings that can amount up to thousands of dollars -- if you act before Dec. 31. The federal income tax credits and deductions may come in handy as this year couples will not receive the $800...
  • Get free tax help

    Get free tax help
    If you think you need help preparing your taxes, several South Florida groups offer free assistance, Tthe IRS also can help you find a free group at 800-906-9887. Some people will be able to get free help with their income taxes at the Boynton Beach...
  • New 1099-K tax form may trip up some online vendors

    New 1099-K tax form may trip up some online vendors
    An estimated 25 percent of South Floridians will file their federal income taxes between now and the midnight April 17 deadline, according to Mike Dobzinski, the IRS spokesman in Plantation. This year procrastinating South Floridians get an extra two...
  • Don't forget the sales tax deduction on your federal taxes

    Don't forget the sales tax deduction on your federal taxes
    It's federal tax crunch time. In your haste to file on time, don't forget a key deduction if you itemize -- the one for state sales tax. South Floridians can save up to hundreds of dollars off federal income taxes by taking that deduction. You can...
  • Howard income tax receipts grow, but not as much as last year

    Howard County income tax collections — the second-largest source of county revenue — continue to increase, which will likely help the county avoid a serious budget shortfall this coming year. "This number kind of confirmed that we are not...
  • Key state lawmaker calls for property tax cap overhaul

    Key state lawmaker calls for property tax cap overhaul
    A state lawmaker who helps set tax policy is calling for an overhaul of Maryland's property tax cap law, after a Baltimore Sun investigation documented how the costly program has resulted in homeowners across Baltimore paying vastly different amounts...
  • Defeated Democrats do well under Quinn

    Defeated Democrats do well under Quinn
    While the political adage holds that to the winner go the spoils, under Democratic Gov. Pat Quinn, even some losers have done very well. Take Dan Seals. He failed three times to win a North Shore congressional seat, and his tax returns showed he mostly...
  • A plan that helps retirees and Maryland

    A plan that helps retirees and Maryland
    The next several years will see a flood tide of a new kind of retiree — the rollover retiree. Millions of baby boomers will be transitioning into retirement without the comfort of the old-fashioned monthly pension check, but rather with a lump sum...
  • Allentown sets tax district for hockey arena

    Allentown sets tax district for hockey arena
    The sales tax you paid on that pint of Fegley's amber lager you downed at the Allentown Brew Works last month could soon be helping finance the city's new hockey arena. Same goes for that penne arrabiatta you had for lunch at Pasta Alla Rosa. If you have...