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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
  • 'Fiscal cliff' deal approved, avoiding tax increases, spending cuts

    'Fiscal cliff' deal approved, avoiding tax increases, spending cuts
    A bipartisan plan to avoid federal spending reductions and tax increases that would hit Maryland especially hard won final approval Tuesday night in the House of Representatives even as outside groups warned that the bill would simply delay difficult...
  • Your Quinncome tax hits home

    Your Quinncome tax hits home
    Two years ago on their night of infamy, 1/11/11, General Assembly Democrats — and exclusively Democrats — voted to raise the Illinois personal income tax rate by 67 percent. Many Illinoisans have been furious about that sop to chronic...
  • Time For 'Opposite Malloy' To Repair Economic Damage

    In a classic "Seinfeld" episode, the ever-hapless George Costanza decides it's time to change his strategy. "Every decision that I've ever made in my entire life has been wrong. My life is the complete opposite of everything I've wanted to be." His...
  • Long Hours And Sharp Elbows

     For much of his life, Dannel Malloy has been an avid fan of hockey and rugby.     Both rough-and-tumble sports are highly physical and require quick movements, sharp elbows and fast decisions. A rugby player for 22 years, Malloy finally quit when his...
  • 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...
  • Changes you may encounter while preparing this season's tax return

    Changes you may encounter while preparing this season's tax return
    For taxpayers who are procrastinators, this is your year. Not only is the Internal Revenue Service asking those with more complex returns to hold off filing until mid-February, but the usual tax deadline has been extended three days, to April 18, because...
  • 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...