It makes sense.
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
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
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
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
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
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
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
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
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
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
