Do you rent your home on Airbnb? If you rent your personal residence for fewer than 15 days a year, you don't have to report
The April 18 tax deadline is fast approaching, but if you haven't filed yet, there's no need to panic. While more than half of taxpayers have already filed their returns, each year about 20 percent wait until the last couple weeks to file.
When it comes to identity-related tax fraud, it's not as tough as you might think (or hope). The reason is much more frightening: There is no need to be a savvy hacker to get all the information to commit identity-related tax fraud. You just need to be creative and persistent.
Because of the numerous additional factors that now apply to your situation, there are likely many new concerns or questions you have once you start checking off boxes on your tax forms.
State and Local Sales Tax Deduction - You still may have the option to choose between deducting state and local income tax
Whether you've been together for years or decades (or 10 minutes), 2015 taxes will be the first time many LGBT couples will be filing jointly on their federal and state returns because -- cue the trumpets -- we're married now.
With time rushing by and the end of 2015 in sight, you may be lamenting that you haven't accomplished all that you had planned. But even if you'll have to put off certain things until 2016, you still have time this year to make some smart financial moves.
In the coming weeks you could be one of the many Americans receiving what the IRS has quoted as the average tax refund of $3,120. And it's precisely why we thought it was high time to take a look at the common ways people make poor decisions when it comes to tax refunds.
Tax season is upon us again. April 15th may be the official deadline to file, but now is the time to start gathering everything you'll need so that you aren't scrambling in the eleventh hour.
It's six weeks until T-Day. That's Tax Day for those of you who haven't given much thought to the yearly deadline. While we're not quite there yet, crunch time is just around the corner -- unless you start gathering your materials and making some serious strides today.
Tax myths are a lot like a bad date. They are annoying and seem to last forever. Yet people have beliefs about income taxes that have no basis in reality. Were it not for the potential financial costs, some of these might be amusing. But if you believe them and act upon them, they can cost you serious money.
You can get a special tax break to deduct your medical expenses. And they can be a lot more than you realize.