Tax day is almost here, what if you aren’t ready?
Taxes are due this Thursday, April 15th. If you have already files and spent your refund, congratulations. Normally I have already filed by this time, however, this year has been crazy so I am in the latter group. With tax day fast approaching, I am going crazy trying to get my taxes and business info [...]
Unemployment Compensation
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The Internal Revenue Service (IRS) is helping unemployed workers out a bit. While all unemployment compensation received in 2008 is taxable, the first $2,400 in unemployment that each taxpayer receives is not subject to federal taxes. If both spouses are unemployed, each spouse can deduct the first $2,400 of unemployment compensation they received during the [...]
Free Income Tax Preparation
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Did you make less than $49,000 last year? Are you 60 years or older? If so, you qualify for free income tax preparation from the Internal Revenue Service. VITA and TCE are two programs implemented by the Internal Revenue Service to help low income and elderly taxpayers file their income taxes for free. There are [...]