Valentine's, the Holiday of Love, Kisses . . . and Taxes


Updated 01/20/11 5:00 PM · Posted by · 0 comments

When to Turn In Itemized Deductions

Not only do you have to spend the days up to the romance holiday planning and prepping for your date, but you might have taxes on your mind as well. This year, the IRS will be accepting all itemized deductions starting Valentine's Day, Feb. 14. Previously, the agency used to accept them in mid-January. This delay is caused by changes made by Congress in the 2010 tax law that took longer than Read more

Do You Think Rich People Should Be Taxed More?


Updated 12/14/10 7:41 AM · Posted by SavvySugar · 9 comments

Tax Cuts For the Wealthy

America's richest man, Warren Buffett, thinks the uber wealthy should be taxed more. And yes, he's even including himself. Buffett's statement comes as the tax cuts for the wealthy are about to expire or be renewed come December. The billionaire investor tells ABC, "The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all Read more

Witches and Fortune-Tellers Facing More Taxes and Fees


Updated 09/09/10 5:16 PM · Posted by SavvySugar · 1 comment

Witches and Fortune-Tellers Facing More Taxes and Fees

People will tax everything these days, from bloggers to witches. Members of Romania's Senate were apparently too afraid of being cursed to pass a proposal that will require taxation on witches and fortune-tellers, reports the AP. The idea was to demand receipts from those providing these supernatural services and hold them accountable for misleading predictions. It's still not certain if the Read more

Philadelphia Bloggers Pay Business Tax: Fair or Unreasonable?


Updated 08/23/10 2:54 PM · Posted by GeekSugar · 3 comments

Philadelphia Blogger Tax

Is this fair, or just ridiculous? The city of Philadelphia wants to charge bloggers $300 to continue posting on their blogs — the equivalent of a "business privilege license." While this fee would apply to professional or money-making blogs, it also applies to blogs created by residents as a hobby or part-time blogs that make no money. Additionally, bloggers are required to pay taxes on any Read more

A Tax on Cosmetic Surgery — Love It or Leave It?


Updated 05/15/11 11:59 AM · Posted by TresSugar · 28 comments

A Tax on Cosmetic Surgery — Love It or Leave It?

The Senate's proposed healthcare bill includes a novel approach to enhancing funding for reform: a five percent tax increase on cosmetic surgery. Procedures like tummy tucks, face lifts, hair plugs, collagen injections, Botox, or any other non-required procedure would get hit with the increase. The tax could raise as much as $6 billion. If you think taxing superficial wealthy people to pay for Read more

6 Healthy Ways to Use Your Tax Refund


Posted by FitSugar · 6 comments

6 Healthy Ways to Use Your Tax Refund

The days leading up to April 15 can be particularly stressful if you owe Uncle Sam, but those of you who are receiving tax refunds might have some extra pep in your step. Sure, put some of it in the bank, but now could be the time if you've been looking for a way to invest in your health. Start the slideshow to see six healthy ways to use your tax refund. Source Read more

Dear Poll: What will you do with your Tax Refund?


Updated 05/07/07 9:25 PM · Posted by · 28 comments

Dear Poll: What will you do with your Tax Refund?

Happy tax day! Are you getting a refund this year or did you have to pay up? Some people view their tax refund as "free money" while others are much more responsible with their government issued check. So I'm curious, what are you planning on doing with your tax refund? Source Dear Poll: What will you do with your Tax Refund? I'm going to spend it on something nice for myself Read more

Hard on Soft Drinks


Posted by FitSugar · 6 comments

Hard on Soft Drinks

A recent proposal to push for taxes on soft drinks was rejected on 11/14/06 by the American Medical Association. The initial proposal was an attempt to combat the obesity epidemic in the United States. Instead, the nation's most influential doctors' group voted in favor of a proposal for a broader-based effort to combat obesity, the Associated Press reported. If you drink more cola than Read more

Don't Forget Uncle Sam When You're Counting Your Tips


Updated 02/13/12 12:20 AM · Posted by · 0 comments

Getting Taxed on Tip Income

If you're in the service industry, a big chunk of your income may come from tips. But don't think you can get away with not filing taxes for them. Here are a couple of tips from the IRS: Tips are taxed. Your tips will face federal income, Social Security, and Medicare taxes. You will also be taxed on nonmonetary tips like tickets, and gifts will be counted as income. Include them on your tax Read more

6 Tax Season Don'ts


Updated 02/09/12 9:48 AM · Posted by SavvySugar · 0 comments

Tax Season Mistakes

A fifth season exists, and it's one that isn't defined by the weather. Tax season has arrived, and will hang around until April 17, the (somewhat extended) deadline for filing your 2011 income tax return. It doesn't have to be complicated. Keep these six don'ts in mind as you prepare and file your taxes to make this season as seamless as possible. Read more