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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
  • 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...
  • Rick Caruso and the Galleria

    How does a developer who doesn't even live in this town get all the power in the world to change the landscape here? Is the City Council even awake? Rick Caruso forgot to mention the wonderful view that used to be visible from the Glendale Marketplace,...
  • 8 outrageous executive perks

    8 outrageous executive perks
    It's annual-meeting season, which means shareholders are about to get their once-a-year look at the pay and goodies given to corporate top dogs as disclosed in company proxy statements. The multimillion-dollar pay packages handed out this year will...
  • Community Commentary: California asks for too much in taxes

    With Friday fast approaching, Californians know firsthand that we pay some of the highest tax rates in the nation. California wage-earners pay taxes on income, purchases, property, gasoline and much more. In fact, Californians pay much more in taxes...
  • In Howard, seeds of optimism

    In Howard, seeds of optimism
    Just as the first green sprouts of spring give rise to optimism for better days ahead, there are hopeful economic signs in Ellicott City, where Howard County Executive Ken Ulman this week proposed a budget that — wait for it — anticipates...
  • 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...