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Tax Season Don'ts
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 15, the deadline for filing your 2009 income tax return. It doesn't have to be complicated.
Savvy Tip: Deduct Your Donation to Haiti on Your 2009 Taxes
If the news of the devastating earthquake in Haiti, and relief efforts like the star-studded telethon that raised $57 million last week have inspired you to contribute a donation you're in for a handy tax treat. You can claim your donation as a tax deduction on your 2009 return. Consumer Reports advises:
To qualify, the donations must be monetary—not sold securities or used clothing, for instance — and must be to a qualifying domestic charity that is assisting Haiti.
Are You Doing Your Own Taxes or Hiring Someone Else?
I haven't sat down with my tax man yet, but our official date is approaching. I consider myself a tax smart gal — I'm SavvySugar, after all — but when it comes to getting my financial business finished I turn to a professional. He's the keeper of great advice (for example, last year he suggested taking pictures of donations) and he knows the nitty-gritty details that I don't.
How Many W-2 Forms Do You Have For 2009 Taxes?
Many of us have taken on second (or third) jobs as the economy has worsened, which means multiple employers were responsible for reporting your taxes. How many W-2 forms do you need to file your tax return this year?
How Many W-2 Forms Do You Have For 2009 Taxes?
Tax Tip For Married Couples
Filing jointly isn't necessarily the best option for you and your spouse, even if you have promised to be there in sickness and in health. The goal is to collectively pay the least amount of taxes possible, so run the numbers for both filing scenarios before settling.
Couples may benefit from separate filing if one of you had large medical expenses, high business expenses, or if one of you had significant theft losses.
Your Two Cents: Have You Received Your W-2?
The February 1 deadline for businesses to release employee W-2 forms is quickly approaching. Has yours arrived yet or are you still checking the mailbox each day?
Your Two Cents: Have You Received Your W-2?
Tax Tip: Set a Date With Your Taxes
Procrastinating is an art for many, and even more people assume the skill when it's time for filing our tax returns. Completing tax returns is tedious and can be time-consuming — it's not exactly the way I want to spend my precious free time.
Set a date with your taxes to prevent the April 14 panic.
Reader Tip: Make Your Deductible Donations Before January
Over time we each develop a unique saving style, which is why we started the How Do You Save? group for you to divulge your winning tactics. The group offers a place for you to dole out your advice to other SavvySugar readers trying to save a little moolah and learn from their experiences.
IRS Gets in On the Twitter Action
It's official. Everyone is now on Twitter, even the IRS. By following @InternalRevenue you can keep up with tax updates and IRS announcements.
Nicolas Cage's Unpaid 2007 Tax Bill: Guess How Much?
He's certainly not the first celebrity to get in trouble with the IRS for not paying his taxes, and Nicolas Cage is currently under scrutiny for unpaid taxes from 2007. Can you guess how much the IRS is after him for?
Take the quiz
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