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The Federal Tax Extension Deadline Is October 15

If you requested an extension on your 2011 income taxes, be sure to file your return before the October 15 deadline Six months seems like a long time. That’s the trap lots of people fall into when they request a tax extension in April and then promptly forget about taxes until the October deadline when […]

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How to Pay Estimated Tax

The self-employed must make estimated tax payments to the IRS at least four times a year If you’re an employee who earns all of his income in wages or salary, and gets a paycheck with taxes withheld, you can stop reading right now. Tax payments are already made on your behalf and you don’t need […]

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Are Campaign Donations Tax Deductible?

Political contributions may help get your candidate elected, but they won’t get you a tax deduction 2012 is an election year – in case all the negative ads spamming the airwaves haven’t already tipped you off. And election season, like almost everything else, raises some very important tax questions, not all of them about Mitt […]

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Home Business Tax Deductions

Running a business from your home can net you several valuable tax deductions. The tax code makes several tax deductions available for people who run a home business. When taken advantage of, these deductions can significantly reduce the cost of running a business from your home. The one thing you have to be hyper conscious […]

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Who Qualifies as a Dependent on Your Taxes?

Find out who you can claim as a qualifying child and as a qualifying relative For most taxpayers, claiming a dependent results in a fairly significant tax benefit, oftentimes a refund. But who exactly can you claim as a dependent? There are actually two different categories of dependent: qualifying child and qualifying relative. Both have […]

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April 17, 2012 Is the Last Chance to Get a 2008 Tax Refund

Late tax filers have three years after the original return due date to file and get a refund The tax deadline is just a week away – April 17th, don’t forget! – and most people are scrambling to get their 2011 tax returns finished and filed with the IRS. But there’s another year you should […]

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How to File City Taxes

Some cities bundle their income taxes with state tax returns, some require entirely separate forms, and some don’t charge an income tax at all. Everyone knows they have to file federal and – in most cases – state taxes when April rolls around. But what about city income taxes? Do you have to file those […]

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File 2010 Taxes

File 2010 taxes and you could get a refund, or at least use your AGI to e-file your current year 2011 return Still haven’t filed those 2010 taxes? It’s not too late. You can still file and there are plenty of good reasons to do so. First of all it’s the law, and if you […]

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Do You Have to Pay Taxes If You Are Unemployed?

The unemployed still have to pay taxes, even on unemployment benefits. Whether or not you have to file a tax return has nothing to do with your employment status. It depends entirely on how much income you received during the year. If your income falls above the income threshold for your filing status, you have […]

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How to File a Tax Extension

File a tax extension and get an extra six months to complete your tax return The tax filing deadline is still over a month away, but no doubt many of you are already staring at the mound of tax documents and receipts strewn across your desk and realizing that you’re not going to be able […]

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