When it comes to federal income tax, no one benefits as much as the taxman, no matter where you live. The Internal Revenue Service of the United States collected over $3.4 trillion in taxes in 2017. The only relatively minor silver lining to this fact is that the federal government handed out about $440 billion in refunds that same year.
Even though the collection of taxes has a purpose, it still doesn’t seem to make anyone feel better. (At least, it doesn’t make me feel any better.) However, recently I started looking up unorthodox tax collection methods and found some interesting stuff. My motto in life is that if you don’t laugh for a minute, you’ll just end up crying
Bitcoin losses can actually work in your favor — you can write them off on your next tax return.
As we approach the end of January you've probably gotten your W2s in the mail and are thinking about filing your tax return. If you are expecting a refund, you might even be well on your way towards completing it by now. But what if you feel like you are paying too much in taxes you might want to consult
Where you live plays a big role in how easy or difficult it is to save money. Taxes, real estate prices, employment opportunities are just a few of the things that can be different by location and impact your savings. I live in Dallas, Texas which makes saving pretty darn easy for me. Here's why: No State Income Tax I
Here's a question some of you might be wondering: "What if I don't file my taxes on time?" We are all busy people, and tax laws are very complicated. You might not have found the time to complete your taxes and you realize now that the deadline is in five days (April 17th, 2012). You're gonna need some options. Luckily
If you haven't done your taxes yet, you have exactly one week to get them done if you want to file on time. I already filed my taxes back in February and got my refund in March, so I'm going to be stress-free for the next week (at least as far as 2011 taxes are concerned). But I'm already looking
Some people love their tax returns. They feel like they are getting a bunch of free money from the government. Unfortunately it's not free money; it's your money! And if you're getting a big tax return, that means you've been missing out on your money for as much as 16 months. This is especially harmful for people who are living
Last week there was a very heated discussion on Punch Debt's site about whether or not it is "right" to take a tax deduction on charitable giving. Being someone who is always willing to insert myself into a heated debate, I'm happy to share my two or three cents here. Not only is it absolutely "right" to write off charitable
If you've been paying any attention to the politics of the Republican Presidential Primary, you may have heard Ron Paul give one of his favorite one liners when talking about the income tax especially us individual tax. I'm paraphrasing because I can't find the actual quote, but it goes like this: Some people complain that 50% of Americans pay no
