Tax Blog

I work at a public university, where I also go to school. I get paid around $7/hour and I don’t get any deductions from my paycheck. When I filled out my tax forms after getting the job, my coordinator made me fill out only a state income tax form, not a federal tax form. I was wondering what the reason for that is and would I have to pay taxes on next year’s filing date?

Tax Blog

My company has about 10 old computers that we want to get rid of, and we figured it’s better to donate them than to just throw them out – and our accountant says we can get a tax deduction from the donation.

We found a private business that said they can draft up a “donation receipt” for us for tax purposes, but they are not a certified charitable organization.

If we give our computers to them, would we still be able to get a tax deduction from the donation, just from the “donation receipt”?
I like to clarify that there are 10 (TEN in number) computers, not 10 YEAR old computers.

Homebuyers on the prowl as low prices, tax credit deadline offer purchase incentives
While it still is a buyer’s market, looming tax credit deadline makes things interesting.

Read more on The Grand Rapids Press

The Business Secretary Lord Mandelson claims the Tories will raise VAT to fund economic pledges. . Follow us on twitter at twitter.com .

Tax Blog

My wife and I just had a baby in December. We are both full time college students and we both worked up until December when she started staying at home with our baby, now we’re a single income family. My annual gross salary is around $22,000 and my wife made around 13,000. What tax breaks should I be looking out for? Thanks in advance!

Tax Blog

I bought a house 2 years ago, and will get 7,500 tax credit this year and required to pay back $ 500 per year for 15 years starting 2010 ta return. How do I work with this on Turbo Tax?

IRS Warns Of Sophisticated Tax Phishing Scams
MADISON, Wis. — Tax day is just two weeks away, and online scammers are using tax scams in an attempt to steal people’s personal information. The Internal Revenue Service is an agency not many people like to question or mess with — especially this time of year.

Read more on WISC-TV Madison