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Income Taxes

Filing a tax extension for your business online

It happens to the best of business owners. One day, you’re rocking along on your taxes … and suddenly your receipts are missing or your…


Can I deduct my home office?

Yes, if you play it right. Some 4.6 million small businesses are based at home, according to the Small Business Administration, yet only about 3.4…


Is there a penalty for filing taxes late? | Video

Most people know that April 15th is the tax deadline. Fortunately, most people file their taxes in a timely manner. However, a lot of people…


How the low- and middle-class can get ahead at tax time

Too many Americans are missing out on free tax prep and filing, the Earned Income Tax Credit and more.NEW YORK (MainStreet) — Pew Research calls…


When our income tax turned 100, did you celebrate?

Congress made two previous attempts at instituting a federal income tax. The one in 1913 stuck, and grew. NEW YORK (MainStreet) — Did you forget…


What is a ‘marginal tax rate?’

So glad you asked! Published tax rates are confusing, and cause many people to think they are paying more in taxes than they really are.Your…


Tax deduction for moving expenses

Moving to a new home involves a lot of planning and work, and it can be costly as well. If you are moving because you…


Why do I have a smaller paycheck this month?

Even with Congress and President Obama reaching an 11th-hour deal to prevent the country from going over the much-hyped “Fiscal Cliff,” the New Year has…