Income Tax

Get a 2009 Tax Credit for Neighborhood Electric Vehicles (NEV)

Donna Diegel — Tue, 20 Oct 2009 21:04:16 -0500

The US Government is giving generous tax credits for "green" cars, also known as golf carts or Neighborhood Electric Vehicles. These vehicles run on batteries, speed along at up to 25 mph, and plug into household outlets. The 2009 income tax credit sweetens this "green" deal.

Democrat Employer Health Insurance Could Move Taxes

Kyle Godfrey — Fri, 15 May 2009 10:07:37 -0500

As Democrats push mandates for employer health insurance, will your taxes go up?

Top Ten Facts About Amended Tax Returns

Armen Hareyan — Mon, 13 Apr 2009 11:30:24 -0500

Taxpayers who need to make a change or adjustment on a return they already filed can do so by filing an amended return. Here are the top 10 things every taxpayer should know about amending your federal tax return.

Tax Foundation Says Income Tax "Too High" Needs Reform

Armen Hareyan — Sat, 11 Apr 2009 10:38:46 -0500

According to Tax Foundation poll 2009 survey asks new questions on junk food taxes, state-run lotteries. Results show sharp divergence of opinions people saying income tax is too high and the tax code needs reform.

Tax Freedom Day Arrives Early In 2009

Armen Hareyan — Sat, 11 Apr 2009 10:03:58 -0500

In what is perhaps a little silver lining in this cloud of recession, "Tax Freedom Day" will arrive early in 2009. The Tax Foundation, a nonpartisan tax research group, says that Americans will have to work 103 days in 2009 before they have enough earnings to cover their 2008 taxes. That puts "Tax Freedom Day" at this monday, April the 13th, 2009.

27 Million Taxpayers Have Yet To File Tax Return

Armen Hareyan — Thu, 09 Apr 2009 07:40:31 -0500

April 15 Is 1 Week Away And 27 Million Taxpayers Have Yet To File. If You're One Of Them, Here's Some Tax Tips.

Brace For Higher Taxes In The Future

Odur Joe — Mon, 06 Apr 2009 12:55:08 -0500

The memories of 2008 are still fresh in our minds-companies and banks collapsing at a rates only witnessed during the great economic depression. Those who hoped for 2009 to usher in better economic news were “slapped” in the face when the US labor department recently released figures showing the biggest Job loss in years. Even with this horrid news, politicians and some economists believe that “things” will soon return to normal.

Tax Day Tea Party Organizers Readying For April 15

Armen Hareyan — Thu, 05 Mar 2009 10:46:25 -0600

An organization called Tax Day Tea Party is getting ready to stage a national tea party on April 15 income tax return day, protesting what day call the "out of control government spending."

Obama's Planned Increase in Tax Rate Contrary to International Trend

Armen Hareyan — Tue, 18 Nov 2008 13:45:29 -0600

As the United States awaits to see how President-elect Obama implements his campaign promise to increase the tax burden on those earning more than $250,000 per year, KPMG has released a new study (Individual Income Tax Rate Survey 2008) documenting a downward trend in the highest tax rates in 87 countries over the past six years, from 31.3% in 2003 to 28.8% in 2008:

Tax Policy In The Obama-Biden Administration

Armen Hareyan — Wed, 05 Nov 2008 07:18:43 -0600

Paul L. Caron, who is the Associate Dean of Faculty at the University of Cincinnati College of Law, presents 15 Tax Professors, who offer their thoughts on tax cut policy in the new Obama-Biden Administration. How will your business and income tax possibly look like under Barack Obama's administration.

Hedging Against a Tax Rate Increase in an Obama Administration

Armen Hareyan — Tue, 04 Nov 2008 15:49:03 -0600

The latest Real Clear Politics national poll gives Obama a 7.8 lead, and Greg Mankiw (Harvard University, Department of Economics) questions why the current Intrade market places a two-thirds probability on an increase in marginal tax rates in 2009:

Taxpayers Can File IRS Extension Forms Before April 15 Deadline

Armen Hareyan — Mon, 14 Apr 2008 12:53:31 -0500

The 2008 federal "Tax Day" is Tuesday, April 15, prompting procrastinators to cram in order to make the tax deadline. However, taxpayers can file IRS extension forms before tax deadline.