Jane Bryant Quinn
Jane Bryant Quinn is a nationally known commentator on personal finance, with books and columns read and trusted by millions. In her long career, she has established herself as America’s most reliable voice for people trying to manage their money well. In her public policy writings, she addresses matters of top concern to everyone, including investor protection, health insurance, Social Security, and the sufficiency of retirement plans.
May 9, 2013
When I get a letter from the IRS — and yes, it’s happened — I get a chill. Am I in trouble? Did I miss a deadline or overlook a tax? I hate to open the envelope.
But you've got to open it and face the question right away. If you throw the...
April 7, 2013
You can file for an extension on any ground you like. All it takes is filling in Form 4868 to extend the deadline to Oct. 15....
April 4, 2013
If you got married last year, you’ll be checking the “married, filing jointly” box on your tax return. As a couple, your taxes will go up or down, depending on what each of you earns.
If one of you earns most of the income, you get a...
March 21, 2013
You do — which comes to most people as a surprise.
You probably know that you owe a nanny tax on the wages of a regular babysitter. That same tax applies to any household employee. That includes someone you hire to clean your house, even...
March 7, 2013
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 million of these taxpayers are writing off their costs. Some of you are leaving money on the table...
March 1, 2013
Most working parents have only one way of getting a tax break on the expenses they pay for childcare – the special tax credit allowed by law. You get a credit against expenses of up to $3,000 for the care of one child and $6,000 for the care of...
February 21, 2013
You do. That is, if hope to take a child-care credit on your income tax return without running into problems with the IRS.
February 14, 2013
Maybe, if she wasn’t working last year, or didn’t earn very much. A qualifying partner gives you an extra personal exemption, worth $3,800. This works for same-sex couples, too.
You can claim a live-in friend as a tax dependent if he or...
February 12, 2013
When you’re hunting for tax savings on your 2012 returns, comb through the way you paid your taxes in the past. You might have missed an easy write-off that’s waving its hand and shouting, “look at me!” For example:
February 7, 2013
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 “marginal tax rate” is generally the same as your...