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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...
  • Combining travel with charity can earn you a big tax break

    Combining travel with charity can earn you a big tax break
    Want to take a meaningful summer vacation and save money at the same time? Consider a trip to help a favorite cause. Doing so can also net you a federal tax deduction to save hundreds, if not thousands, of dollars. That’s what Lacy Betton and...
  • Darden rents from itself and saves on taxes

    Darden rents from itself and saves on taxes
    Orlando-based Darden Restaurants has cut its corporate taxes in some states by renting restaurants from itself, using a strategy that has led to challenges and millions of dollars in back taxes for some other big companies. The owner of chains...
  • 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...
  • Allentown, school district revenues will also fund arena

    Allentown, school district revenues will also fund arena
    Boosters of Allentown's proposed hockey arena complex have boasted how the state will foot the bill by coughing up a portion of locally generated state taxes. What they haven't been making noise about is this: The city and school district will help pay...