Articles Index

How the Housing Bill Can Help You – The Tax Credit for New Home Buyers

The American Recovery and Reinvestment Act of 2009 provides a number of items meant to stimulate the economy, and the tax credit of up to $8,000 for first-time home buyers may be the most beneficial to individuals. Although this is a significant tax benefit, not everyone will qualify, and there is only a relatively small window in which you can take advantage.

Understanding the Alternative Minimum Tax

When it comes to taxes, there is a three-letter abbreviation that is feared, yet it’s still a mystery to most people. AMT stands for the Alternative Minimum Tax, and while it doesn't sound too harmful, if you’ve ever been hit with it you know that it can be quite painful.

Make the Most of Your Income Tax Refund

If you’re expecting an income tax refund this year, you’ll want to make sure you put that money to good use. While it can feel like you’re receiving a windfall, remember that this is just excess money that you paid the government. This doesn’t mean you can’t have a little fun, but this money can also provide a great boost to your other financial goals.

Get Your Tax Questions Answered by Calling 1-800-829-1040

Are you looking for help with your taxes? Try calling 1-800-829-1040. This is the toll-free number for the IRS tax question line. With this number, you will be put in touch with someone right at the IRS who can assist you with your own personal tax situation if you have any questions.

Check Your Tax Refund Status Online

Have you filed your tax return and are now awaiting a refund? The good news is that you don’t have to be left in the dark in regards to the status of your refund. The IRS has a great tool on their website that allows you to instantly check on your refund status.

IRA Tips for Tax Time

2007 may be gone, but it isn’t too late to make 2007 IRA contributions. Unlike most tax tips that require action to be taken before December 31st, IRAs have an added benefit of being able to make prior year contributions up until April 15th. This is good news if you want to take advantage of the many tax benefits that these accounts provide.

Now's the Time to Review Your W-4 Tax Exemptions

If you work for an employer that automatically withholds taxes from each paycheck, then you have the ability to adjust how much is withheld by adjusting the exemptions on IRS Form W-4. This is important to review because many different changes in your life could impact the amount of money you should have withheld.